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S. 3755119th CongressPlaced on the calendarLatest action Feb 2, 2026Decoded by AI · checked against the record
Official title: Digital Commodity Intermediaries Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
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
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.
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.
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.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the Senate floor calendar, and the official record shows no floor action on it since. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Placed on Senate Legislative Calendar under General Orders. Calendar No. 312.