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Code · BILL · 117th Congress · S. 4356 (Introduced in Senate) — To provide for responsible financial innovation and to bring digital assets within the regulatory perimeter. · Sec. 505

Sec. 505. Right to individual management of digital assets

99 words·~1 min read·/bill/117/s/4356/is/section-505

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Chapter 98 of title 31, United States Code, as amended by section 504 of this Act, is amended by adding at the end the following: Except as otherwise required by law, no person shall be required to use an intermediary for the safekeeping of digital assets legally owned, and possessed or controlled, by that person. This section shall not be construed to— permit a person to engage in market activity for which authorization is required under Federal or State law; or restrict a person from freely entering into an agreement for digital asset services with a third party. .
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