; and (2) not later than 1 year after the date of enactment of this Act, submit to the relevant congressional committees a report that includes the results of the study required by paragraph (1). (e) Definitions In this section: (1) Decentralized finance (A) In general The term decentralized finance means blockchain protocols that allow users to engage in financial transactions in a self-directed manner so that a third-party intermediary does not effectuate the transactions or take custody of digital assets of a user during any part of the transactions. (B) Relationship to excluded activities The term decentralized finance shall not be interpreted to limit or exclude any activity from the activities described in section 15I(a) of the Securities Exchange Act of 1934 or section 4v(a) of the Commodity Exchange Act. (2) Relevant congressional committees The term relevant congressional committees means— (A) the Committees on Financial Services and Agriculture of the House of Representatives; and (B) the Committees on Banking, Housing, and Urban Affairs and Agriculture, Nutrition, and Forestry of the Senate. 606. Study on non-fungible digital assets (a) In general The Comptroller General of the United States shall carry out a study of non-fungible digital assets that analyzes— (1) the nature, size, role, purpose, and use of non-fungible digital assets; (2) the similarities and differences between non-fungible digital assets and other digital assets, including digital commodities and payment stablecoins, and how the markets for those digital assets intersect with each other; (3) how non-fungible digital assets are minted by issuers and subsequently administered to purchasers; (4) how non-fungible digital assets are stored after being purchased by a consumer; (5) the interoperability of non-fungible digital assets between different blockchain systems; (6) the scalability of different non-fungible digital asset marketplaces; (7) the benefits of non-fungible digital assets, including verifiable digital ownership