Sec. 111. Securities Act of 1933
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Section 2(a)(1) of the Securities Act of 1933 ( 15 U.S.C. 77b(a)(1) ) is amended— by inserting digital asset security, after investment contract, ; and by striking the period at the end and inserting ; but does not include any fiat currency, commodity, digital asset, or any note, draft, bill of exchange, or banker’s acceptance which has a maturity at the time of issuance of not exceeding nine months exclusive of days of grace or any renewal thereof the maturity of which is likewise limited. .
Section 2(a) of the Securities Act of 1933 ( 15 U.S.C. 77b(a) ) is amended by adding the following: The terms commodity , digital asset , digital asset repository of transactions , and virtual currency have the meanings given such terms, respectively, in section 1a of the Commodity Exchange Act ( 7 U.S.C. 1a ). The term digital asset security has the meaning given such term in section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ). .
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