registration A registered crypto asset exchange shall be registered with the Secretary of the Treasury as a money services business and with a customer protection and market integrity authority registered under section 9809 of title 31, United States Code. (c) Trading (1) In general A registered crypto asset exchange may make available for trading any crypto asset or payment stablecoin, that is not readily susceptible to manipulation, subject to this subsection. (2) Requirements (A) Ancillary assets An ancillary asset shall not be made available for trading on a registered crypto asset exchange unless the asset is in compliance with section 42 of the Securities Exchange Act of 1934. (B) Confirmation A registered crypto asset exchange shall have a duty to confirm an ancillary asset is in compliance before making the asset available for trading. (3) Rules governing margined or leveraged trading The Commission may make, promulgate, and enforce such additional rules governing margined, leveraged, or financed transactions as are reasonably necessary to protect market participants and promote the orderly settlement of transactions with respect to— (A) disclosure