S. 4064 · On the floor · Finance and Financial Sector

Digital Commodity Intermediaries Act

What it does

Amends the Commodity Exchange Act to add definitions for associated persons of digital commodity brokers and dealers, including those soliciting or accepting orders for digital commodities.
Establishes definitions for blockchain, blockchain applications, blockchain protocols, and blockchain systems to clarify regulatory terminology.
Defines decentralized finance trading protocols as blockchain systems allowing multiple participants to execute financial transactions via automated, nondiscretionary rules without reliance on a third party for asset custody.
Creates a registration framework for digital commodity exchanges, brokers, dealers, and associated persons under Commodity Futures Trading Commission jurisdiction.
Requires futures commission merchants to use qualified digital asset custodians for customer digital commodity assets.

Mar 12, 2026: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 355.