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Responsible Self-Regulation Act of 2022

3/13/2024, 6:48 AM

Congressional Summary of S 5286

Responsible Self-Regulation Act of 2022

This bill provides for the registration of an association of digital asset intermediaries with the Securities and Exchange Commission and the Commodity Futures Trading Commission. Upon the written request of a member of the association, a registered digital asset association is allowed to make an initial determination of the legal character of a digital asset, including as a security, an ancillary asset, or a commodity.

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Current Status of Bill S 5286

Bill S 5286 is currently in the status of Bill Introduced since December 15, 2022. Bill S 5286 was introduced during Congress 117 and was introduced to the Senate on December 15, 2022.  Bill S 5286's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of December 15, 2022

Bipartisan Support of Bill S 5286

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5286

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 5286

Responsible Self-Regulation Act of 2022
Responsible Self-Regulation Act of 2022
A bill to provide for the strengthening of the supervision of digital asset markets by self-regulatory organizations, and for other purposes.

Comments

Sponsors and Cosponsors of S 5286

Cynthia M. Lummis
Cynthia M. Lummis
WyomingRepublican

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