Sec. 402. Requiring futures commission merchants to use qualified digital commodity custodians

93 words·~1 min read·/bill/118/hr/4763/rh/section-402·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 4d of the Commodity Exchange Act ( 7 U.S.C. 6d ) is amended— in subsection (a)(2)— in the 1st proviso, by striking any bank or trust company and inserting any bank, trust company, or qualified digital commodity custodian ; and by inserting before the period at the end; and : Provided further, That any such property that is a digital commodity shall be held in a qualified digital commodity custodian in subsection (f)(3)(A)(i), by striking any bank or trust company and inserting any bank, trust company, or qualified digital commodity custodian .

Connectionstraces to 1

Traces to 1 document

U.S. Code

Dealing by unregistered futures commission merchants or introducing brokers prohibited; duties in handling customer receipts; conflict-of-interest systems and procedures; Chief Compliance Officer; rules to avoid duplicative regulations; swap requirements; portfolio margining accounts
§ 6d

Citation graph

cites case law

Sec. 402

Requiring futures commission merchants to use qualified digital commodity custodians

U.S.C.§ 6d

Cites 1Cited by 0 across 0 sources