U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

A lot of the day-to-day transactions from crypto investors happen only internally at the handful of major exchanges, recorded by the companies rather than on public blockchains, but this bill would call for regulated repositories to gather the data for each trade of a “digital commodity, digital asset, or digital collectible” for use by agencies including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).