S 5030 · 117th Congress · Finance and Financial Sector

Digital Trading Clarity Act of 2022

Introduced 2022-09-29· Sponsored by Sen. Hagerty, Bill [R-TN]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2022-09-29)

Plain Language Summary

[AI summary unavailable — showing source text] Digital Trading Clarity Act of 2022 This bill establishes a safe harbor from securities regulation for certain digital asset exchanges and intermediaries. This safe harbor applies if (1) such digital asset is not classified as a security by the Securities and Exchange Commission (SEC) or by a U.S. court; and (2) the exchange or intermediary complies with requirements regarding listings, customer protection, and disclosures. If a digital asset is determined to be a security and otherwise meets these requirements, the exchange or intermediary has a two year period during which the SEC may not pursue specified enforcement activity against the exchange or intermediary.…

Summarized by Claude AI · Non-partisan · For informational purposes only