; or (ii) any excluded activity, as described in section 4v. ; (3) in paragraph (12)(A)(i)— (A) in subclause (II), by adding at the end a semicolon; (B) by redesignating subclauses (III) and (IV) as subclauses (IV) and (V), respectively; and (C) by inserting after subclause (II) the following: (III) a digital commodity; ; (4) in paragraph (40)— (A) by striking and at the end of subparagraph (E); (B) by striking the period at the end of subparagraph (F) and inserting ; and ; and (C) by adding at the end the following: (G) a digital commodity exchange registered under section 5i. ; and (5) by adding at the end the following: (52) Associated person of a digital commodity broker (A) In general Except as provided in subparagraph (B), the term associated person of a digital commodity broker means a person who is associated with a digital commodity broker as a partner, officer, employee, or agent (or any person occupying a similar status or performing similar functions) in any capacity that involves— (i) the solicitation or acceptance of an order for the purchase or sale of a digital commodity; or (ii) the supervision of any person engaged in the solicitation or acceptance of an order for the purchase or sale of a digital commodity. (B) Exclusion The term associated person of a digital commodity broker does not include any person associated with a digital commodity broker the functions of which are solely clerical or ministerial. (53) Associated person of a digital commodity dealer (A) In general Except as provided in subparagraph (B), the term associated person of a digital commodity dealer means a person who is associated with a digital commodity dealer as a partner, officer, employee, or agent (or any person occupying a similar status or performing similar functions) in any capacity that involves— (i) the solicitation or acceptance of an order for the purchase or sale of a digital commodity