Definitions

In this Act: (1) Covered individual defined The term covered individual means— (A) the President; (B) the Vice President; (C) a Member of Congress; or (D) the spouse, child, son-in-law, or daughter-in-law, as determined under applicable common law, of any individual described in subparagraph (A), (B), or (C). (2) Digital asset The term digital asset means any digital representation of value which is recorded on a cryptographically-secured distributed ledger, including a stablecoin, a memecoin, and any financial contract or product or instrument that derives its value from a digital asset, including— (A) futures, options, or swaps referencing a digital asset; (B) any security or trust whose primary assets or benchmark are digital assets; (C) yield-bearing digital asset products including staking, lending, or decentralized finance protocols; (D) non-fungible tokens; and (E) decentralized autonomous organization tokens. (3) Distributed ledger The term distributed ledger means technology where data is shared across a network that creates a digital ledger of verified transactions or information among network participants and the data are typically linked using cryptography to maintain the integrity of the ledger and execute other functions. (4) Member of Congress The term Member of Congress means a Senator or a Representative in, or a Delegate or Resident Commissioner to, the Congress.