; and (7) compliant with all applicable Federal and State laws. (b) Rehypothecation (1) Definition In this subsection, the term rehypothecation means the pledging of an asset as collateral for a financial transaction multiple times by a person, including the pledging of a customer asset by a crypto asset intermediary as collateral for a subsequent financial transaction after delivery of the crypto asset to the intermediary by a customer. (2) Rehypothecation No rehypothecation of crypto assets by a crypto asset intermediary shall be permitted. . (b) Technical and conforming amendment The table of sections for chapter 98 of title 31, United States Code, as amended by section 202, is amended by adding at the end the following: 9806. Crypto asset lending arrangements. . 207. Settlement finality (a) In general Chapter 98 of title 31, United States Code, as amended by section 206 of this Act, is amended by adding at the end the following: 9807. Settlement finality To promote legal certainty and customer protection, a crypto asset intermediary and a customer shall, upon the opening of an account, agree on the terms of settlement finality for all transactions with respect to crypto assets, including the following: (1) The conditions under which a crypto asset may be deemed fully transferred, provided that those legal conditions may diverge from operational conditions under which crypto assets are considered transferred, based on the distributed and probabilistic nature of crypto assets. (2) The exact moment of transfer of a crypto asset. (3) The discharge of any obligations upon transfer of a crypto asset. (4) Conformity to applicable provisions of the Uniform Commercial Code. . (b) Technical and conforming amendment The table of sections for chapter 98 of title 31, United States Code, as amended by section 206 of this Act, is amended by adding at the end the following: 9807. Settlement finality. . 208. Advertisements of crypto asset intermediaries and certain other persons (a) In general Chapter 98 of title 31, United