; or (B) makes available an application designed to facilitate transactions using a digital asset protocol. (6) United states person The term United States person means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States. (b) Applicability of sanctions compliance obligations to united states persons in the decentralized finance sector (1) In general In the case of a violation described in paragraph (2) that is conducted through the use of a digital asset protocol, each person described in paragraph (3) shall be subject to the penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) to the same extent as a person that commits an unlawful act described in subsection (a) of that section. (2) Violations described A violation described in this paragraph is a violation of a license, order, regulation, or prohibition issued to implement sanctions administered by the Office of Foreign Assets Control. (3) Persons described A person described in this paragraph is a United States person that is a digital asset transaction facilitator or a digital asset protocol backer of a digital asset protocol used in a violation described in paragraph (2). (4) Exemption for controlled decentralized finance protocols A digital asset protocol backer shall not be subject to paragraph (1) for a violation described in paragraph (2) if the Secretary has determined that the digital asset protocol is controlled by a digital asset transaction facilitator or by another person, who may be appointed by contract or another means. (5) Applicability Paragraph (1) shall apply with respect to violations described in paragraph (2) that occur on or after the date that is 90 days after the date of the enactment of this Act. (c) Bank secrecy act application to the decentralized finance sector (1) In general Section