Definitions under the Securities Exchange Act of 1934
Title I — Definitions; Rulemaking; Expedited Registration
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The wording changed from Committee version to Passed the House. Removed words are struck through; added words are underlined.
How the text changed
Section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) is amended— (1) by redesignating the second paragraph (80) (relating to funding portals) as paragraph (81); and (2) by adding at the end the following: (82) Bank Secrecy Act The term Bank Secrecy Act means— (A) section 21 of the Federal Deposit Insurance Act (12 U.S.C. 1829b); (B) chapter 2 of title I of Public Law 91–508 (12 U.S.C. 1951 et seq.); and (C) subchapter II of chapter 53 of title 31, United States Code. (83) Additional digital commodity-related terms (A) Securities Act of 1933 The terms blockchain system, decentralized governance system, digital asset, digital commodity affiliated person, digital commodity issuer, digital commodity related person, end user distribution, mature blockchain system, permitted payment stablecoin, and permitted payment stablecoin, stablecoin issuer have the meaning given those terms, respectively, under section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)). (B) Commodity Exchange Act The terms digital commodity, digital commodity broker, digital commodity dealer, digital commodity exchange, decentralized finance messaging system, and decentralized finance trading protocol have the meaning given those terms, respectively, under section 1a of the Commodity Exchange Act (7 U.S.C. 1a)..
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