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H.R. 3633IntroducedHouseSenate · nowPresidentLawIn the Senate
Sec. 402 · H.R. 3633

Requiring futures commission merchants to use qualified digital asset custodians

Title IV — Registration for Digital Commodity Intermediaries at the Commodity Futures Trading Commission

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Sent to the Senate → Committee version · Sec. 402

Section 4d of the Commodity Exchange Act (7 U.S.C. 6d) is amended— (1) in subsection (a)(2)— (A) in the 1st proviso, by striking any bank or trust company and inserting any bank, trust company, or qualified digital asset custodian, as applicable,; and (B) by inserting: Provided further, That any such property that is a digital asset shall be held in a qualified digital asset custodian before the period at the end; and (2) in subsection (f)(3)(A)(i), by striking any bank or trust company and inserting any bank, trust company, or qualified digital asset custodian.

•HR 3633 RSSEC. 402

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