Digital Commodity Intermediaries Act

The Digital Commodity Intermediaries Act establishes a regulatory framework for digital commodity exchanges, brokers, and dealers that handle digital assets like cryptocurrencies. It requires these entities to register with the Commodity Futures Trading Commission (CFTC), implement customer protection measures including the use of qualified digital asset custodians, and meet transparency and reporting requirements. The bill defines key terms like "digital commodity" and creates new rules for how these entities must operate, while also establishing an Office of the Digital Commodity Retail Advocate to represent retail investors in digital commodity markets.