Registration of associated persons

(a) In general Section 4k of the Commodity Exchange Act (7 U.S.C. 6k) is amended by adding at the end the following: (7) Associated persons of digital commodity brokers and digital commodity dealers (A) In general It shall be unlawful for any person to act as an associated person of a digital commodity broker or an associated person of a digital commodity dealer unless the person is registered with the Commission under this Act and such registration shall not have expired, been suspended (and the period of suspension has not expired), or been revoked. (B) Duty of digital commodity brokers and dealers It shall be unlawful for a digital commodity broker or a digital commodity dealer to permit a person described in subparagraph (A) to become or remain associated with the digital commodity broker or digital commodity dealer if the digital commodity broker or digital commodity dealer knew or should have known that the person was not so registered or that the registration had expired, been suspended (and the period of suspension has not expired), or been revoked.. (b) Application Section 4k(4) of the Commodity Exchange Act (7 U.S.C. 6k(4)) is amended, in the first sentence, by striking or of a commodity trading advisor and inserting of a commodity trading advisor, of a digital commodity broker, or of a digital commodity dealer.