Digital Commodity Intermediaries Act

The Digital Commodity Intermediaries Act aims to establish a regulatory framework for digital commodities under the Commodity Futures Trading Commission (CFTC). It defines key terms like "digital commodity," "blockchain," and "decentralized finance protocols." The bill grants the CFTC exclusive jurisdiction over spot digital commodity markets and excludes permitted payment stablecoins. It also creates an expedited registration process for digital commodity exchanges, brokers, and dealers, and provides a safe harbor for software developers involved in blockchain infrastructure.