# 119-s-4064: Digital Commodity Intermediaries Act

119-s-4064, Digital Commodity Intermediaries Act, is a 119th Congress bill sponsored by Sen. Boozman, John [R-AR] (R-AR); status in_committee; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4064
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4064
- Congress: 119
- Title: Digital Commodity Intermediaries Act
- Status: in_committee
- Introduced: 2026-03-11
- Sponsor: Sen. Boozman, John [R-AR] (R-AR)
- Cosponsors: 6
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Brings spot digital-asset trading and intermediaries under CFTC oversight.** This bill would create new definitions for digital assets and require exchanges, brokers, dealers, and custodians to register with the Commodity Futures Trading Commission and follow new customer‑protection, custody, and market‑integrity rules.

## Cosponsors (6)

- Sen. Sullivan, Dan [R-AK] (R-AK), 2026-03-12T00:00:00.000Z
- Sen. Tuberville, Tommy [R-AL] (R-AL), 2026-03-12T00:00:00.000Z
- Sen. Justice, James C. [R-WV] (R-WV), 2026-03-17T00:00:00.000Z
- Sen. Husted, Jon [R-OH] (R-OH), 2026-03-23T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2026-03-23T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2026-03-26T00:00:00.000Z

## Provisions PRIA read

- Stronger custody and bankruptcy protections: benefit, high. If enacted, customer digital assets held by an exchange would be treated as customer property in bankruptcy. The bill would require qualified custodians and separate accounting for customer assets, generally bar commingling, and prohibit exchanges or custodians from using customer assets without wr…
- Office to help retail crypto customers: benefit, medium. If enacted, the CFTC would create an Office of the Digital Commodity Retail Advocate to help retail customers with complaints, research retail impacts, and publish reports. The Advocate must appoint an Ombudsman within 180 days and send regular reports to Congress.
- Stronger anti‑fraud and disclosure rules: benefit, medium. If enacted, the Commodity Exchange Act's anti‑fraud and anti‑manipulation rules would apply to digital commodity spot trades. Registered brokers and dealers would be banned from fraudulent or deceptive conduct. Starting 30 days after enactment, unregistered platforms that act like exchanges or brok…
- Developer and infrastructure carve‑out: benefit, low. If enacted, many software developers and infrastructure providers (nodes, oracles, UIs, wallets, and similar) would not be treated as exchanges, brokers, or dealers just for building or running blockchain or DeFi tooling. The carve‑out would not stop the CFTC from enforcing anti‑fraud and anti‑mani…
- CFTC fees and startup funding: mixed, high. If enacted, the CFTC would be allowed to charge initial and annual registration fees to digital commodity exchanges, brokers, dealers, and qualified custodians. The bill would authorize $150,000,000 in appropriations until the CFTC begins collecting fees. The CFTC would set fee rates to recover its…
- Exchange listings, surveillance, and safety: mixed, medium. If enacted, exchanges would have to follow new listing and certification steps before listing digital commodities. Exchanges would run market surveillance, keep multi‑year audit trails, keep secure, tested systems and backups, and share records with U.S. and appropriate foreign authorities under co…
- Faster registration and provisional rules: mixed, medium. If enacted, the CFTC would have to adopt an expedited registration process within 180 days. After that process is adopted, digital commodity exchanges, brokers, and dealers generally could not operate after 90 days unless registered or exempt. Firms that register early could operate as provisional…
- Jurisdiction, margining, and stablecoin rules: mixed, medium. If enacted, the bill would give the CFTC exclusive jurisdiction over many digital commodity sales on registered platforms starting about 17 months after enactment, while excluding some bank custody activities and securities sales. The bill would also extend portfolio margining and cleared‑swap acco…
- New conduct, capital, and reports rules: mixed, medium. If enacted, registered digital commodity brokers and dealers would face new business conduct rules, written conflicts policies, and a required chief compliance officer. Firms would need robust recordkeeping and must file transaction and financial reports open to CFTC inspection. The CFTC would set…

## Related bills

- 119-s-5526: Agricultural Act of 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-3752: SAVE America Act
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-401: Fair Access to Banking Act
- 119-s-4429: Connected Vehicle Security Act of 2026

## Sources
- [119-s-4064 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4064)

## Related
- [119-s-5526: Agricultural Act of 2026](https://policyrisk.com/legislation/119-s-5526)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [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-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [119-s-4429: Connected Vehicle Security Act of 2026](https://policyrisk.com/legislation/119-s-4429)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4064 (as of 2026-04-21).