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Code · BILL · 119th Congress · S. 3755 (Reported in Senate) — To provide for a system of regulation of the offer and sale of digital commodities by the Commodity Futures Trading C... · Sec. 106

Sec. 106. Administrative requirements

250 words·~1 min read·/bill/119/s/3755/rs/section-106

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

Section 4c(a) of the Commodity Exchange Act ( 7 U.S.C. 6c(a) ) is amended— in paragraph (3)— in subparagraph (B), by striking or at the end; in subparagraph (C), by striking the period and inserting ; or ; and by adding at the end the following: a contract of sale of a digital commodity. ; and in paragraph (4)— in subparagraph (A)— in clause (ii), by striking or at the end; in clause (iii), by striking the period and inserting ; or ; and by adding at the end the following: a contract of sale of a digital commodity. ; in subparagraph (B)— in clause (ii), by striking or at the end; in clause (iii), by striking the period and inserting ; or ; and by adding at the end the following: a contract of sale of a digital commodity. ; and in subparagraph (C)— by redesignating clauses
(i)through
(iii)as subclauses
(I)through (III), respectively, and indenting appropriately; in the matter preceding subclause
(I)(as so redesignated), by striking It shall and inserting the following: It shall ; in clause
(i)(as so designated)— in subclause (II), by striking or at the end; and in subclause (III), by striking a swap, provided, however, that nothing and inserting the following: “a swap; or a contract of sale of a digital commodity. Nothing ; and in clause
(ii)(as so designated), by striking clauses (i), (ii), or
(iii)and inserting any of subclauses
(I)through
(IV)of clause
(i).
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Sec. 106
Administrative requirements
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