Sec. 310. Exclusion for ancillary activities
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The Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq. ) is amended by inserting after section 15G the following: Notwithstanding any other provision of this Act, a person shall not be subject to this Act and the regulations thereunder solely based on the person undertaking any ancillary activities. Subsection
(a)shall not be construed to apply to the antimanipulation and antifraud authorities of the Commission. In this section, the term ancillary activities means any of the following activities related to the operation of a blockchain system: Compiling network transactions, operating a pool, relaying, searching, sequencing, validating, or acting in a similar capacity with respect to a restricted digital asset. Providing computational work, operating a node, or procuring, offering, or utilizing network bandwidth, or other similar incidental services with respect to a restricted digital asset. Providing a user interface that enables a user to read and access data about a blockchain system, send messages, or otherwise interact with a blockchain system. Developing, publishing, constituting, administering, maintaining, or otherwise distributing a blockchain system. Developing, publishing, constituting, administering, maintaining, or otherwise distributing software or systems that create or deploy a hardware or software wallet or other system facilitating an individual user’s own personal ability to keep, safeguard, or custody the user’s restricted digital assets or related private keys. .
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Sec. 310
Exclusion for ancillary activities
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