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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. 202

Sec. 202. Requiring Futures Commission merchants to use qualified digital asset custodians

99 words·~1 min read·/bill/119/s/3755/rs/section-202

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Section 4d of the Commodity Exchange Act ( 7 U.S.C. 6d ) is amended— in subsection (a)(2)— in the first 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 , That any such property that is a digital asset shall be held in a qualified digital asset custodian Provided further in subsection (f)(3)(A)(i), by striking any bank or trust company or with a and inserting any bank, trust company, qualified digital asset custodian, or .
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