,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ibb  ,,in ,,the ,,house ,,of   
,,representatives  ,january #cj1        
#bjai,mr4 ,soto 7for himself1 ,mr4      
,budd1 ,mr4 ,davidson of ,ohio1 and     
,mrs4 ,watson ,coleman7 introduced the  
following bill2 which was referred to   
the ,committee on ,financial ,services1 
and in addition to the ,committee on    
,agriculture1 for a period to be        
subsequently determined by the ,speaker1
 in each case for consideration of such 
provisions as fall within the           
jurisdiction of the committee concerned 
,a ,,bill  ,to promote fair and         
transparent virtual currency markets by 
examining the potential for price       
manipulation4  #a4 ,short title ,this   
,act may be cited as the ,virtual       
,currency ,consumer ,protection ,act of 
#bjai4  #b4 ,sense of the ,congress ,it 
is the sense of ,congress that virtual  
currency could have a significant effect
 on the economy1 and regulation of them 
may be important to protect investors1  

deter bad actors1 create market         
certainty1 and ensure ,american         
competitiveness in an evolving global   
marketplace4  #c4 ,study and report on  
the prevention of virtual currency price
 manipulation  7a7 ,in general ,not     
later than one year after the date of   
the enactment of this ,act1 the         
,chairman of the ,commodity ,futures    
,trading ,commission1 in consultation   
with the heads of the ,securities and   
,exchange ,commission and other relevant
 ,federal agencies 7as determined by the
 ,chairman of the ,commodity ,futures   
,trading ,commission71 shall submit to  
the ,committees on ,agriculture and on  
,financial ,services of the ,house of   
,representatives and the ,committees on 
,agriculture1 ,nutrition1 and ,forestry 
and on ,banking1 ,housing1 and ,urban   
,affairs of the ,senate a report to     
promote fair and transparent virtual    
currency markets by examining the       
potential for price manipulation4 ,the  
report shall include the following3     

7#a7 ,a brief description of-- 7,a7     
methods by which persons could          
manipulate the price of virtual         
currencies2  7,b7 which types of virtual
 currency1 if any1 are more susceptible 
to being manipulated2 and  7,c7 the     
effects on1 and particular harm to1     
investors if price manipulation of      
virtual currencies occurs4  7#b7 ,an    
analysis of the extent to which the     
regulatory authority of the ,commodity  
,futures ,trading ,commission and other 
relevant ,federal agencies allows for-- 
7,a7 market surveillance of virtual     
currencies for signs of manipulation2   
and  7,b7 enforcement of ,federal       
regulations against persons involved in 
any such manipulation4  7#c7            
,recommendations for any legislative    
changes needed to improve the ability of
 the ,commodity ,futures ,trading       
,commission and other relevant ,federal 
agencies--  7,a7 to carry out the       
monitoring and enforcement activities   
described in paragraph 7#b72  7,b7 to   

prevent price manipulations of virtual  
currencies2 and  7,c7 to protect virtual
 currency investors from price          
manipulation4  7b7 ,virtual currency    
defined ,in this ,act1 the term virtual 
currency means a digital representation 
of value that does not have legal tender
 status and that functions as a medium  
of exchange1 a unit of account1 or a    
store of value4