; (B) by inserting , managed stablecoin after national securities exchange relating to foreign currency ; and (C) by inserting sovereign after but shall not include ; and (2) by adding at the end the following: (81) The term managed stablecoin has the meaning given the term in section 2(a) of the Securities Act of 1933. (82) The term digital asset has the meaning given the term in section 2(a) of the Securities Act of 1933. . (c) Definitions under the Investment Company Act of 1940 Section 2(a) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–1 et seq.) is amended— (1) in paragraph (36)— (A) by inserting , regardless of form after any of the foregoing ; and (B) by inserting , managed stablecoin after national securities exchange relating to foreign currency ; and (2) by adding at the end the following: (55) The term managed stablecoin has the meaning given the term in section 2(a) of the Securities Act of 1933. (56) The term digital asset has the meaning given the term in section 2(a) of the Securities Act of 1933. . (d) Definitions under the Investment Advisers Act of 1940 Section 202(a) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–1 et seq.) is amended— (1) in paragraph (18)— (A) by inserting , regardless of form after any of the foregoing ; and (B) by inserting , managed stablecoin after national securities exchange relating to foreign currency ; and (2) by adding at the end the following: (31) The term managed stablecoin has the meaning given the term in section 2(a) of the Securities Act of 1933. (32) The term digital asset has the meaning given the term in section 2(a) of the Securities Act of 1933. . (e) SEC Rulemaking The Securities and Exchange Commission may issue rules and regulations to further define the terms managed stablecoin and digital asset as such terms are defined in section 2(a) of the Securities Act of 1933.