S. 3755Heading to a voteJobs & the economy
New bill would set federal rules for crypto exchanges and brokers
Data as of July 11, 2026
S 3755 would require crypto exchanges and brokers to register with the CFTC and use regulated custodians for customer funds.50-second read · 4 questions answered below
Decoded
What does this do?
S 3755, the Digital Commodity Intermediaries Act, creates a federal framework for regulating cryptocurrencies through the CFTC, including legal definitions for terms like "digital commodity" and "blockchain." It requires crypto exchanges and brokers/dealers to register with the CFTC and hold customer funds through "qualified digital asset custodians" rather than the trading company itself. Full implementation would take about 18 months, with CFTC and SEC rulemakings needed to fill in details.
Who does it affect?
Crypto exchanges, trading platforms, and brokers/dealers must register with the CFTC and follow new custody, disclosure, and recordkeeping rules. Software developers, decentralized finance protocols, and everyday crypto investors are also affected, along with the CFTC and SEC, which must coordinate on which assets count as commodities versus securities.
Why does it matter?
The bill would change how crypto companies operate, including what coins they can offer and how customer funds are held, with penalties for operating unregistered after set deadlines. It could also affect how fraud and disputes involving crypto are handled going forward.
Where does it stand?
- Introduced
- Senate committee
- Senate vote — You are here
- House
- President's desk
Right now: it's headed for a Senate floor vote. If the House changes it, it goes back to the Senate before reaching the President.
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Official title
Digital Commodity Intermediaries Act
- Introduced:
- February 2, 2026
- Latest action:
- February 2, 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 312.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.