; and (ii) (I) at a date after the date described in clause (i)— (aa) primarily expects to consume goods or services associated with the contract; or (bb) no longer expects profit primarily from the managerial or entrepreneurial efforts of the sponsor described in subparagraph (A)(i) with respect to the contract. (8) Office The term Office means the Office of Domestic Finance of the Department of the Treasury. (9) Under Secretary The term Under Secretary means the Under Secretary of the Treasury for Domestic Finance. 3. Requirements for digital exchanges regarding treatment of customer assets (a) Required standards and procedures Each digital exchange shall establish baseline accounting standards and procedures that are designed to protect and ensure the safety of covered assets of customers of the exchange. (b) Holding of customer assets (1) In general Each digital exchange shall hold the covered assets of each customer of the exchange in a manner that minimizes— (A) the risk of loss by the customer of any such covered asset; and (B) any delay in the customer accessing any such covered asset. (2) Segregation of funds (A) In general Each digital exchange shall treat and deal with all covered assets of a customer of the exchange that are received by the exchange as belonging to the customer. (B) Co-mingling prohibited Except as provided in subparagraph (C), with respect to any covered asset of a customer of a digital exchange, the exchange may not— (i) co-mingle that covered asset with assets that are not covered assets