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Code · BILL · 118th Congress · S. 1357 (Introduced in Senate) — To address advertising by digital asset intermediaries, and for other purposes. · Sec. 2

Sec. 2. Definitions

276 words·~1 min read·/bill/118/s/1357/is/section-2·

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

In this Act: The term Commissions means the Securities and Exchange Commission and the Commodity Futures Trading Commission, acting jointly. The term covered advertisement — means a communication that— relates to— the desirability of purchasing or entering into a transaction for a digital asset; or the availability of digital asset-related services; and is widely available to the general public, as specified by rule of the Commissions; and includes any script, slide, handout, or other written (including electronic) material used in connection with a public appearance with respect to a digital asset or the availability of digital asset-related services.
The term digital asset means a natively electronic asset that— confers economic, proprietary, or access rights or authorities; and is recorded using cryptographically-secured distributed ledger technology, or any similar analogue. The term digital asset intermediary means a person that— holds a license, registration, or other similar authorization pursuant to the Commodity Exchange Act ( 7 U.S.C. 1 et seq. ), the Securities Act of 1933 ( 15 U.S.C. 77a et seq. ), the Corporation of Foreign Bondholders Act, 1933 ( 15 U.S.C. 77bb et seq. ), the Trust Indenture Act of 1939 ( 15 U.S.C. 77aaa et seq. ), the Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq. ), the Securities Investor Protection Act of 1970 ( 15 U.S.C. 78aaa et seq. ), the Investment Company Act of 1940 ( 15 U.S.C. 80a–1 et seq. ), the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–1 et seq. ), or the Omnibus Small Business Capital Formation Act of 1980 (title V of Public Law 96–2 ); and engages in market activities relating to digital assets.
Connectionstraces to 6
3 references not yet in our index
  • 15 USC 80a–1
  • 15 USC 80b–1
  • Pub. L. 96-2
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cites case law
Sec. 2
Definitions
U.S.C.§ 1
U.S.C.§ 77a
U.S.C.§ 77bb
U.S.C.§ 77aaa
U.S.C.§ 78a
U.S.C.§ 78aaa
Cite15 USC 80a–1
Cite15 USC 80b–1
Pub. L.Pub. L. 96-2
Cites 9Cited by 0 across 0 sources
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