# 119-s-1223: Prohibiting Foreign Adversary Interference in Cryptocurrency Markets Act

119-s-1223, Prohibiting Foreign Adversary Interference in Cryptocurrency Markets Act, is a 119th Congress bill sponsored by Sen. Tuberville, Tommy [R-AL] (R-AL); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1223
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1223
- Congress: 119
- Title: Prohibiting Foreign Adversary Interference in Cryptocurrency Markets Act
- Status: introduced
- Introduced: 2025-04-01
- Sponsor: Sen. Tuberville, Tommy [R-AL] (R-AL)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Blocks foreign-adversary-controlled crypto platforms from registering.** This bill would add a new paragraph to the Commodity Exchange Act that bars registration of U.S. digital commodity platforms owned by entities tied to specified foreign adversary countries and requires the Commission to revoke registration if such an entity acquires ownership. - Digital commodity platforms: Platforms partly or wholly owned by a "covered entity" would be barred from registering with the Commodity Futures Trading Commission and would have registrations revoked if a covered entity later acquires ownership. - Covered entities: Entities established under the laws of, or with a principal place of business in, designated foreign adversary countries would be treated as covered entities. The list includes the People’s Republic of China (including Hong Kong and Macao), Cuba, Iran, North Korea, Russia, and Venezuela under Nicolás Maduro. - Scope and definitions: The bill defines "digital commodity" to include cryptocurrencies but exclude securities and a U.S.-backed digital currency. It also defines digital commodity brokers, custodians, dealers, and trading facilities and excludes entities that only validate transactions.

## Cosponsors (2)

- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2025-04-01T00:00:00.000Z
- Sen. Justice, James C. [R-WV] (R-WV), 2025-04-01T00:00:00.000Z

## Provisions PRIA read

- Ban foreign-adversary crypto platforms: mixed, medium. If enacted, the bill would bar the CFTC from registering digital-commodity platforms owned in whole or part by a covered entity. A "covered entity" would be a firm based in listed foreign adversary countries (China, including Hong Kong and Macao; Cuba; Iran; North Korea; Russia; and Venezuela under…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1748: Kids Online Safety Act
- 119-s-292: Educational Choice for Children Act of 2025
- 119-s-3752: SAVE America Act
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-4189: INSULIN Act of 2026

## Sources
- [119-s-1223 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1223)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-292: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-s-292)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-4189: INSULIN Act of 2026](https://policyrisk.com/legislation/119-s-4189)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1223 (as of 2025-12-21).