Crypto Consumer Investor Protection Act

Bill: 117-hr-9422
Sponsor: full_name: Rep. Torres, Ritchie [D-NY-15]
Introduced: 2022-12-02
Policy area: Finance and Financial Sector
Latest action: action_date: 2022-12-02
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2022-12-02
action_desc: Introduced in House
text: <p><b>Crypto Consumer Investor Protection Act</b></p> <p>This bill prohibits a cryptocurrency exchange from lending, leveraging, or comingling customer funds without customer consent. </p>

tv_txt: I 117th CONGRESS 2d Session H. R. 9422 IN THE HOUSE OF REPRESENTATIVES December 2, 2022 Mr. Torres of New York introduced the following bill; which was referred to the Committee on Financial Services A BILL To prohibit lending, leveraging, or co-mingling customer funds by cryptocurrency exchanges without consent of a customer.

1. Short title This Act may be cited as the Crypto Consumer Investor Protection Act . 2. Lending, leveraging, and co-mingling prohibited A cryptocurrency exchange may not lend, leverage, or co-mingle the funds of a customer without the consent of such customer.