Crypto Exchange Disclosure Act
This bill requires cryptocurrency exchanges that hold customer assets to periodically disclose proof of reserves to the Securities and Exchange Commission. This includes the amount of assets held by the exchange compared to the liabilities of the exchange.
To require certain cryptocurrency exchanges to make disclosures 
     relating to proof of reserves to the Securities and Exchange 
                  Commission, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Crypto Exchange Disclosure Act''.

SEC. 2. CRYPTOCURRENCY EXCHANGES PROOF OF RESERVES DISCLOSURES.

    A cryptocurrency exchange that holds assets on behalf of customers 
shall periodically (as determined by the Securities and Exchange 
Commission) disclose to the Securities and Exchange Commission 
information relating to proof of reserves of the exchange, including, 
with respect to the exchange at the time of the disclosure, the amount 
of assets held by the exchange compared to the liabilities of the 
exchange.
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Crypto Exchange Disclosure Act
To require certain cryptocurrency exchanges to make disclosures relating to proof of reserves to the Securities and Exchange Commission, and for other purposes.
Crypto Exchange Disclosure Act
Rep. Torres, Ritchie