Sec. 403. Digital asset transaction actual delivery reporting
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/bill/117/hr/4741/ih/section-403·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 180 days after the date of the enactment of this Act, the Secretary of the Treasury, in consultation with the Commodity Futures Trading Commission, shall issue a rule that requires, for any transaction involving a contract of sale of a digital asset (as defined in section 1a of the Commodity Exchange Act ( 7 U.S.C. 1a )) in interstate commerce— the transfer of possession and control (including transfer of control over any private keys) by the seller to the purchaser not later than 24 hours after the digital asset transaction is entered into and such delivery is accomplished by either— the recording of the transaction on the public distributed ledger for the digital asset; or with respect to digital asset transactions which are not recorded on the public distributed ledger for the digital asset, reporting the transaction to a CFTC registered digital asset trade repository.
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Sec. 403
Digital asset transaction actual delivery reporting
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