; (2) with respect to digital asset securities, meet the customer protection and account custody rules which are applicable to Securities Exchange Commission registered broker-dealers for customer funds and securities; and (3) with respect to digital assets, meet the customer account custody and segregated funds rules which are applicable to Commodity Futures Trading Commission registered futures commission merchants. (b) Customer accounts The customer accounts custody requirements referenced in subsection (a) shall include, but are not limited to, using registered and qualified custodians, proper customer account labeling and identification, minimum of quarterly account statements being issued to customers by the registered and qualified custodian, annual surprise audit requirements and annual audits by accounting firms which are registered with the Public Company Accounting Oversight Board. V Various Digital Asset Reports 501. IRS report on digital asset ownership/taxes (a) In general Not later than 270 days after the date of the enactment of this Act, the Secretary of the Treasury, acting through the Internal Revenue Service, after consulting with other Federal and State regulators and market participants as appropriate, shall submit a report to the specified committees on the utilization of digital assets by United States citizens that— (1) estimates the number and percentage of United States citizens who own digital assets as of the date of the enactment of this Act and who have paid tax on digital assets each year between 2016 and 2020; (2) compares the number and percentage of Americans who own stocks and bonds and who have paid taxes on such assets over the same time period referenced above; (3) estimates the number and percentage of Americans who fail to report digital asset holdings and income versus stock and bond holdings; (4) identifies the major digital asset trading platforms in the United States, the number of customer accounts with each platform, and the annual trading volume of each platform