Sec. 311. Registration and requirements for notice-registered digital asset clearing agencies
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/bill/118/hr/4763/rh/section-311·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 17A(b) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78q–1(b) ) is amended— in subsection (1), by inserting (other than a notice-registered digital asset clearing agency) after unlawful for any clearing agency ; and by adding at the end, the following: A person may register with the Commission as a notice-registered digital asset clearing agency if the person— is otherwise registered as a digital asset broker or digital asset dealer with the Commission and is engaging in a business involving digital assets that are not digital commodities, in compliance with Commission rules pursuant to section 15H(e); or is a bank engaging in a business involving digital assets, in compliance with applicable banking law and regulation relating to the custody and safekeeping of such assets.
A person may register with the Commission as a notice-registered digital asset clearing agency by providing the Commission with notice of the activities of the person or planned activities in such form as the Commission determines appropriate. The Commission may adopt rules, which may not take effect until at least 360 days following the date of enactment of this paragraph, with regard to the activities of notice-registered digital asset clearing agencies, taking into account the nature of digital assets. .
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- 15 USC 78q–1(b)
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Sec. 311
Registration and requirements for notice-registered digital asset clearing agencies
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