H.R. 4763Financial Innovation and Technology for the 21st Century Act

4 recorded actions300 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Glenn Thompson [R-PA-15]
Cosponsors: 11 · 8 Republicans · 3 Democrats
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Agriculture Committee · and 1 more
Latest action: Sep 9, 2024 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedJul 20, 2023
Passed the HouseMay 22, 2024
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

This bill establishes a regulatory framework for digital assets.

The Commodity Futures Trading Commission (CFTC) must regulate a digital asset as a commodity if the blockchain, or digital ledger, on which it runs is functional and decentralized. The bill classifies a blockchain as decentralized if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset. In addition, the bill provides the CFTC with exclusive regulatory authority over cash or spot markets for digital commodities.

The Securities and Exchange Commission (SEC) must regulate a digital asset as a security if its associated blockchain is functional but not decentralized. However, the bill establishes certain exceptions to SEC regulation for digital assets that limit annual sales, restrict nonaccredited investor access, and satisfy disclosure and compliance requirements. The bill also sets forth requirements for primary and secondary market transactions.

The CFTC and SEC must jointly issue rules to define terms and exempt dually registered exchanges from duplicative rules.

Written by the nonpartisan Congressional Research Service, describing H.R. 4763 as reported to House on May 6, 2024. It is not the text of the measure; a later amendment may have changed what it does.

Roll calls on H.R. 47634 roll calls on this measure

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May 22, 2024Each bar: ✓ Yea from the bottom, ✕ Nay aboveMay 22, 2024

How every member votedHouse roll call 226

House May 22, 2024 · the primary vote

On Passage

Financial Innovation and Technology for the 21st Century Act

Passed

279 Yea 136 Nay 15 not voting

Crossed both parties 74 of 415 voting members broke with their own party: 71 Democrats, 3 Republicans.

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How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

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All members430 members

Democratic213 members

Republican217 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors11 · 8 Republicans · 3 Democrats

Signing on is not a vote: a member can cosponsor H.R. 4763 and vote against it. 4 signed when it was filed.

Who lobbied on H.R. 476361 organizations

Organizations that named H.R. 4763 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

COINBASE, INC.filed by THEGROUP DC, LLC, PORTERFIELD, FETTIG & SEARS, LLC, FRANKLIN SQUARE GROUP, LLC, COINBASE, INC., THE MADISON GROUPIts PAC: Coinbase, Inc. Innovation PAC

Financial Institutions/Investments/Securities · Computer Industry23 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

FILECOIN FOUNDATIONfiled by GOLDSTEIN POLICY SOLUTIONS LLC, FILECOIN FOUNDATION, ALIGNMENT GOVERNMENT STRATEGIES

Banking · Financial Institutions/Investments/Securities · Commodities (big ticket) · Computer Industry +1 more19 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

WEB 3.0 TECHNOLOGIES FOUNDATIONfiled by WEB 3.0 TECHNOLOGIES FOUNDATION, INVARIANT LLC

Financial Institutions/Investments/Securities13 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

BLOCKCHAIN ASSOCIATIONfiled by GOLDSTEIN POLICY SOLUTIONS LLC, BLOCKCHAIN ASSOCIATIONIts PAC: Blockchain Association PAC

Homeland Security · Intelligence · Budget/Appropriations · Law Enforcement/Crime/Criminal Justice +7 more12 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

CRYPTO COUNCIL FOR INNOVATIONfiled by PHRONESISDC, LLC, CRYPTO COUNCIL FOR INNOVATION, AKIN GUMP STRAUSS HAUER & FELD

Banking · Agriculture · Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code12 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

DEFI EDUCATION FUNDfiled by GOLDSTEIN POLICY SOLUTIONS LLC, DEFI EDUCATION FUND

Intelligence · Budget/Appropriations · Law Enforcement/Crime/Criminal Justice · Small Business +7 more12 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

ANCHOR LABS, INC.filed by ANCHOR LABS, INC., GRAYROBINSON PA

Accounting · Banking · Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code8 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

DIGITAL CURRENCY GROUPfiled by DIGITAL CURRENCY GROUP, STEPTOE LLP

Banking · Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Energy/Nuclear7 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

LMAX GROUPfiled by PHRONESISDC, LLC, AKIN GUMP STRAUSS HAUER & FELD

Financial Institutions/Investments/Securities · Banking · Agriculture7 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

STELLAR DEVELOPMENT FOUNDATIONfiled by FS VECTOR LLC, STELLAR DEVELOPMENT FOUNDATION

Financial Institutions/Investments/Securities7 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

317 disclosures name this measure. Retrieved from LDA.gov on 2026-10-04. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.