Registration of commodity pool operators and commodity trading advisors

(a) In general Section 4m(3) of the Commodity Exchange Act (7 U.S.C. 6m(3)) is amended— (1) in subparagraph (A)— (A) by striking any commodity trading advisor and inserting a commodity pool operator or commodity trading advisor; and (B) by striking acting as a commodity trading advisor and inserting acting as a commodity pool operator or commodity trading advisor; and (2) in subparagraph (C), by inserting digital commodities, after physical commodities,. (b) Exemptive authority Section 4m of such Act (7 U.S.C. 6m) is amended by adding at the end the following: (4) Exemptive authority The Commission shall promulgate rules to provide appropriate exemptions for commodity pool operators and commodity trading advisors, to provide relief from duplicative, conflicting, or unduly burdensome requirements or to promote responsible innovation, to the extent the exemptions foster the development of fair and orderly cash or spot digital commodity markets, are necessary or appropriate in the public interest, and are consistent with the protection of customers..

(a) In general Section 4m(3) of the Commodity Exchange Act (7 U.S.C. 6m(3)) is amended— (1) in subparagraph (A)— (A) by striking any commodity trading advisor and inserting a commodity pool operator or commodity trading advisor; and (B) by striking acting as a commodity trading advisor and inserting acting as a commodity pool operator or commodity trading advisor; and (2) in subparagraph (C), by inserting digital commodities, after physical commodities,. (b) Exemptive authority Section 4m of such Act (7 U.S.C. 6m) is amended by adding at the end the following: (4) Exemptive authority The Commission shall promulgate rules to provide appropriate exemptions for commodity pool operators and commodity trading advisors, to provide relief from duplicative, conflicting, or unduly burdensome requirements or to promote responsible innovation, to the extent the exemptions foster the development of fair and orderly cash or spot digital commodity markets, are necessary or appropriate in the public interest, and are consistent with the protection of customers..