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

95 words·~1 min read·/bill/119/hr/3633/eh/section-402

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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 asset custodian, as applicable, ; and by inserting before the period at the end; and : Provided further, That any such property that is a digital asset shall be held in a qualified digital asset custodian in subsection (f)(3)(A)(i), by striking any bank or trust company and inserting any bank, trust company, or qualified digital asset custodian .

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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

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Sec. 402

Requiring futures commission merchants to use qualified digital asset custodians

U.S.C.§ 6d

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