Sec. 201. Treatment of investment contract assets
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Section 2(a) of the Securities Act of 1933 ( 15 U.S.C. 77b(a) ), as amended by section 101, is further amended— in paragraph (1), by adding at the end the following: The term ; and investment contract does not include an investment contract asset. by adding at the end the following: The term investment contract asset means a digital commodity— that can be exclusively possessed and transferred, person to person, without necessary reliance on an intermediary, and is recorded on a blockchain; and sold or otherwise transferred, or intended to be sold or otherwise transferred, pursuant to an investment contract. .
Section 202(a)(18) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2(a)(18) ) is amended by adding at the end the following: The term . investment contract does not include an investment contract asset (as such term is defined under section 2(a) of the Securities Act of 1933). Section 2(a)(36) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–2(a)(36) ) is amended by adding at the end the following: The term . investment contract does not include an investment contract asset (as such term is defined under section 2(a) of the Securities Act of 1933).
Section 3(a)(10) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(10) ) is amended by adding at the end the following: The term . investment contract does not include an investment contract asset (as such term is defined under section 2(a) of the Securities Act of 1933). Section 16(14) of the Securities Investor Protection Act of 1970 ( 15 U.S.C. 78lll(14) ) is amended by adding at the end the following: The term . investment contract does not include an investment contract asset (as such term is defined under section 2(a) of the Securities Act of 1933).
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- 15 USC 80b–2(a)(18)
- 15 USC 80a–2(a)(36)
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Sec. 201
Treatment of investment contract assets
Cite15 USC 80b–2(a)(18)
Cite15 USC 80a–2(a)(36)
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