HR 5966 United States House · 118th Congress

Off-Chain Digital Commodity Transaction Reporting Act of 2023

This bill requires reporting of digital commodity transactions (both on-chain and off-chain) to designated "digital asset repositories of transactions" (DARTs). It mandates that sellers deliver digital commodities to buyers within 24 hours of a transaction, with specific requirements for recording transfers on public ledgers or through trading platforms. The bill establishes a regulatory framework for DARTs, including data collection standards, confidentiality requirements, and oversight by the Commodity Futures Trading Commission. It directly affects digital commodity traders, exchanges, and the newly established DARTs that will manage transaction data. The bill also creates specific requirements for off-chain transactions, defined as contracts not recorded on public ledgers within 24 hours of execution.
Bill status in committee 1 of 4 stages cleared
Introduction
Oct 2023
Committee Review
Floor Vote
President
Introduced Oct 17, 2023 Last action Jan 18, 2024
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Jan 18, 2024
House · Referred to committee
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Oct 25, 2023
House · Referred to committee
Referred to the House Committee on Agriculture.
Oct 17, 2023
House · Introduced
Introduced in House
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Donald S. Beyer, Jr.
Donald S. Beyer, Jr.
DDemocratic
VA
8