S1870-118

Introduced

To amend the Commodity Exchange Act to prohibit interference in United States digital commodity markets by entities organized or established in a foreign adversary, and for other purposes.

118th Congress Introduced Jun 7, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend the Commodity Exchange Act to prohibit interference in United States digital commodity markets by entities organized or established in a foreign adversary, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients. The main policy domain is Foreign Policy, Finance, Trade.

Who Benefits and How

foreign governments, international partners, and aid recipients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, foreign governments, international partners, and aid recipients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section S1: 1. Short title This Act may be cited as the Prohibiting Foreign Adversary Interference in Cryptocurrency Markets Act.
  • Section id83BEF4AF3C4B42C0AB0D00D9188757EE: 2. Prohibition on registration of foreign adversary-affiliated digital commodity platforms Section 4(b) of the Commodity Exchange Act (7 U.S.C. 6(b)) is...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend the Commodity Exchange Act to prohibit interference in United States digital commodity markets by entities organized or established in a foreign adversary, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.

Key Policy Areas

Foreign Policy, Finance, Trade

Primary Purpose

This bill, To amend the Commodity Exchange Act to prohibit interference in United States digital commodity markets by entities organized or established in a foreign adversary, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.

Policy Domains

Foreign Policy Finance Trade

Whole bill

Identified Gains
  • foreign governments, international partners, and aid recipients
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
foreign governments, international partners, and aid recipients:
Identified Costs
  • federal implementing agencies
  • foreign governments, international partners, and aid recipients
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
federal implementing agencies:
foreign governments, international partners, and aid recipients:

Legislative Progress

Introduced
Introduced Committee Passed
Jun 7, 2023

Mr. Tuberville (for himself and Mrs. Gillibrand) introduced the following …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Foreign Policy Finance Trade
Actor Mappings
"the_commission"
→ The commission identified in the operative section

Key Definitions

Terms defined in this bill

1 term
"digital commodity trade" §id83BEF4AF3C4B42C0AB0D00D9188757EE

a purchase or sale of a digital commodity in exchange for— another digital commodity

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology