Sec. 203. Optional Federal charter for digital asset trading and clearing
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/bill/118/hr/5745/ih/section-203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 2(a)(1) of the Commodity Exchange Act ( 7 U.S.C. 2(a)(1) ) is amended by adding at the end the following: Notwithstanding any other provision of law, a registered entity may list, trade, or clear a contract of sale of a commodity in interstate commerce (including digital assets). The registered entity shall apply all the core principles and related regulations, including Bank Secrecy Act, anti-money laundering and know your customer requirements, to such contracts. The Commission shall have exclusive jurisdiction under this paragraph over any agreement, contract, or transaction involving a contract of sale of a commodity in interstate commerce (including any digital asset) which is listed, traded, or cleared on or through a registered entity and, provided further, such contracts shall be treated for regulatory and enforcement purposes as if they were contracts of sale of a commodity for future delivery. .
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Sec. 203
Optional Federal charter for digital asset trading and clearing
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