; and (D) sufficient information for a third party to create a tool for verifying the transaction history of the digital asset. (4) Plan of development The current state and timeline for the development of any blockchain system to which the digital asset relates, showing how and when the blockchain system intends or intended to be considered a functional system and decentralized system. (5) Development disclosures A list of all persons who are related persons or affiliated persons who have been issued a unit of a digital asset by a digital asset issuer or have a right to a unit of a digital asset from a digital asset issuer. (6) Risk factor disclosures A description of the material risks surrounding ownership of a unit of a digital asset. (b) Certification (1) In general With respect to a digital asset and any blockchain system to which the digital asset relates, the information described under this section has been certified if the digital asset issuer, an affiliated person, a decentralized governance system, or a digital commodity exchange certifies on a quarterly basis to the Commodity Futures Trading Commission and the Securities and Exchange Commission that the information is true and correct. (2) Prior disclosures Information described under this section which was made available to the public prior to the date of enactment of this section may be certified as true and correct on the date such information was published in final form. (3) Rulemaking The Commission and the Commodity Futures Trading Commission may jointly issue rules regarding the certification process described under paragraph (1). . 304. Certification of certain digital assets Title I of the Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq. ), as amended by section 303, is further amended by adding at the end the following: 44. Certification of certain digital assets (a) Certification Any person may certify to the Securities and Exchange Commission that the blockchain system to which a digital asset relates is a decentralized system. (b)