,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #baed  ,,in ,,the ,,house ,,of  
,,representatives  ,april #i1 #bjai,mr4 
,soto 7for himself and ,mr4 ,davidson of
 ,ohio7 introduced the following bill2  
which was referred to the ,committee on 
,energy and ,commerce  ,a ,,bill  ,to   
authorize additional appropriations to  
the ,federal ,trade ,commission to      
prevent unfair or deceptive acts or     
practices relating to digital tokens and
 transactions relating to digital       
tokens1 and to require a report to      
,congress on the ,commission's actions  
related to digital tokens4  #a4 ,short  
title ,this ,act may be cited as the    
,digital ,taxonomy ,act of #bjai4  #b4  
,authorization of appropriations to     
prevent unfair or deceptive acts or     
practices relating to digital tokens    
,there is authorized to be appropriated 
to the ,federal ,trade ,commission      
#be1jjj1jjj for each of fiscal years    
#bjbj through #bjbd to prevent unfair or
 deceptive acts or practices in         

transactions relating to digital tokens 
pursuant to section #e of the ,federal  
,trade ,commission ,act 7#ae ,u4,s4,c4  
#de74  #c4 ,definition of digital tokens
 ,as used in this ,act-- 7#a7 the term  
digital token means a digital unit--    
7,a7 that is programmed with rules that 
govern its creation1 supply1 ownership1 
use1 and transfer1 where such rules are 
designed to resist modification or      
tampering by any single person or       
persons under common control2  7,b7 that
 has a transaction history that-- 7i7 is
 recorded in a distributed1 digital     
ledger or digital data structure in     
which consensus is achieved through a   
mathematically verifiable process2 and  
7ii7 after consensus is reached1 is     
designed to resist modification or      
tampering by any single person or       
persons under common control2  7,c7 that
 is capable of being transferred between
 persons in a decentralized fashion     
without an intermediate custodian2 and  
7,d7 that is not a representation of a  

financial interest in a company or      
partnership1 including an ownership or  
debt interest or revenue share2 and     
7#b7 the term digital unit-- 7,a7 means 
a representation of economic1           
proprietary1 or access rights that is   
stored in a computer-readable format2   
and  7,b7 does not include a store of   
value4  #d4 ,report to ,congress        
,beginning one year after the date of   
enactment of this ,act and each year    
thereafter1 the ,federal ,trade         
,commission shall transmit a report to  
the ,committee on ,energy and ,commerce 
of the ,house of ,representatives and   
the ,committee on ,commerce1 ,science1  
and ,transportation of the ,senate of-- 
7#a7 any actions taken by the           
,commission relating to unfair or       
deceptive acts or practices in          
transactions relating to digital tokens2
  7#b7 the ,commission's plan to prevent
 unfair or deceptive acts or practices  
relating to digital tokens2 and  7#c7   
any recommendations by the ,commission  

for legislation that would to improve   
the ability of the ,commission and other
 relevant ,federal agencies--  7,a7 to  
further protect consumers from unfair or
 deceptive acts or practices in the     
digital token marketplace2 and  7,b7 to 
promote the competitiveness of the      
,united ,states and promote innovation  
of businesses in the global digital     
token sector4  #e4 ,preservation of     
authority ,nothing in this ,act shall   
supersede the authority of the          
,commodity ,futures ,trading ,commission
 nor prevent the treatment of digital   
tokens as commodities subject to the    
,commodity ,exchange ,act 7#g ,u4,s4,c4 
#a;a et seq474