Prohibiting Foreign Adversary Interference in Cryptocurrency Markets Act

This bill, titled the "Prohibiting Foreign Adversary Interference in Cryptocurrency Markets Act," amends the Commodity Exchange Act to safeguard United States digital commodity markets. Its primary purpose is to prevent interference from entities associated with designated foreign adversary nations. The legislation specifically **prohibits the registration** of any digital commodity platform that is owned, in whole or in part, by a covered entity. Furthermore, the bill mandates the **revocation of registration** for any existing digital commodity platform if a covered entity subsequently acquires ownership. A "covered entity" is defined as an organization established in or with its principal place of business in countries such as China, Russia, Iran, North Korea, Cuba, or Venezuela, including their subsidiaries. The term "digital commodity" encompasses cryptocurrencies and virtual currencies, while "digital commodity platform" refers to brokers, custodians, dealers, and trading facilities for these assets.