New Bill Proposes Centralized Record of Crypto Transactions: What You Need to Know
The crypto landscape is facing a potential seismic shift. A new bill is making waves, aiming to establish a centralized record of crypto transactions. This move has sparked debate, with proponents highlighting consumer protection and critics raising concerns about privacy.
The Off-Chain Digital Commodity Transaction Reporting Act Explained
Introduced on 28 de sept. de 2025 by a Democrat in the US Congress, specifically U.S. Rep. Don Beyer, the Off-Chain Digital Commodity Transaction Reporting Act, being touted as a consumer protection bill, would require digital asset trading platforms to record transfers. This legislation aims to bring greater transparency to the often-opaque world of digital assets.
Key Provisions of the Proposed Crypto Bill
This groundbreaking legislation mandates that cryptocurrency service providers report all blockchain transactions to a government-designated repository registered 30 de sept. de 2025. Crypto data repositories would mirror what was done in the Dodd-Frank Act of 2025 to swaps trading information after that sector played a central role in the biggest financial crisis in recent history. The goal is to create a comprehensive overview of cryptocurrency flows, potentially aiding in the prevention of illicit activities and market manipulation.
Consumer Protection or Government Overreach?
Supporters celebrated the legislation as a way to protect consumers and set a clear regulatory framework for the burgeoning crypto industry. This echoes sentiments surrounding the First cryptocurrency safeguard bill which passed a key vote: What to know about the Genius Act. However, concerns linger about the potential for government overreach and the impact on individual privacy. The debate hinges on balancing the need for regulation with the principles of decentralization and anonymity that underpin the crypto movement.
Impact on the Crypto Market
The implementation of a centralized record of crypto transactions could have significant repercussions for the market. Increased transparency might attract institutional investors, leading to greater market stability. However, stricter reporting requirements could also deter some participants and stifle innovation. Only time will tell how this proposed legislation will ultimately shape the future of cryptocurrency.