,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #baed  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #i1 #bjai,mr4  
,soto 7= himself & ,mr4 ,davidson (     
,ohio7 introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,en]gy &      
,comm]ce  ,a ,,bill  ,to au?orize       
additional appropriations to ! ,f$]al   
,trade ,commission to prev5t unfair or  
deceptive acts or practices relat+ to   
digital tok5s & transactions relat+ to  
digital tok5s1 & to require a report to 
,congress on ! ,commission's actions    
relat$ to digital tok5s4  #a4 ,%ort     
title ,?is ,act may be cit$ z ! ,digital
 ,taxonomy ,act ( #bjai4  #b4           
,au?orization ( appropriations to prev5t
 unfair or deceptive acts or practices  
relat+ to digital tok5s ,!re is au?oriz$
 to be appropriat$ to ! ,f$]al ,trade   
,commission #be1jjj1jjj = ea* ( fiscal  
ye>s #bjbj ?r\gh #bjbd to prev5t unfair 
or deceptive acts or practices 9        
transactions relat+ to digital tok5s    
pursuant to section #e ( ! ,f$]al ,trade

 ,commission ,act 7#ae ,u4,s4,c4 #de74  
#c4 ,def9ition ( digital tok5s ,z us$ 9 
?is ,act-- 7#a7 ! t]m digital tok5 means
 a digital unit--  7,a7 t is programm$ )
 rules t gov]n its creation1 supply1    
own]%ip1 use1 & transf]1 :]e su* rules  
are design$ to resi/ modification or    
tamp]+ by any s+le p]son or p]sons "u   
common control2  7,b7 t has a           
transaction hi/ory t-- 7i7 is record$ 9 
a di/ribut$1 digital l$g] or digital    
data /ructure 9 :i* cons5sus is a*iev$  
?r\gh a ma!matically v]ifiable process2 
&  7ii7 aft] cons5sus is rea*$1 is      
design$ to resi/ modification or tamp]+ 
by any s+le p]son or p]sons "u common   
control2  7,c7 t is capable ( be+       
transf]r$ betwe5 p]sons 9 a dec5traliz$ 
fa%ion )\t an int]m$iate cu/odian2 &    
7,d7 t is n a repres5tation ( a f9ancial
 int]e/ 9 a company or p>tn]%ip1 includ+
 an own]%ip or debt int]e/ or rev5ue    
%>e2 &  7#b7 ! t]m digital unit-- 7,a7  
means a repres5tation ( economic1       
propriet>y1 or access rights t is /or$ 9

 a comput]-readable =mat2 &  7,b7 does n
 include a /ore ( value4  #d4 ,report to
 ,congress ,beg9n+ "o ye> aft] ! date ( 
enactm5t ( ?is ,act & ea* ye> !reaft]1 !
 ,f$]al ,trade ,commission %all transmit
 a report to ! ,committee on ,en]gy &   
,comm]ce ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,comm]ce1 ,sci5ce1 &     
,transportation ( ! ,s5ate (--  7#a7 any
 actions tak5 by ! ,commission relat+ to
 unfair or deceptive acts or practices 9
 transactions relat+ to digital tok5s2  
7#b7 ! ,commission's plan to prev5t     
unfair or deceptive acts or practices   
relat+ to digital tok5s2 &  7#c7 any    
recomm5dations by ! ,commission =       
legislation t w\ld to improve ! ability 
( ! ,commission & o!r relevant ,f$]al   
ag5cies--  7,a7 to fur!r protect        
consum]s f unfair or deceptive acts or  
practices 9 ! digital tok5 m>ketplace2 &
  7,b7 to promote ! competitiv5ess ( !  
,unit$ ,/ates & promote innovation (    
bus9esses 9 ! global digital tok5       
sector4  #e4 ,pres]vation ( au?ority    

,no?+ 9 ?is ,act %all sup]s$e ! au?ority
 ( ! ,commodity ,futures ,trad+         
,commission nor prev5t ! treatm5t (     
digital tok5s z commodities subject to !
 ,commodity ,ex*ange ,act 7#g ,u4,s4,c4 
#a;a et seq474