; (B) consider changes or reasonably expected changes in the technology for delivering financial services; and (C) consider the ability of financial companies to compete effectively and efficiently to deliver information and services that are financial in nature through the use of technological means, including any application necessary to protect the security or efficacy of systems for the transmission of data or financial transactions. (2) Lending, exchanging, transferring, investing for others, and safeguarding money and crypto assets, and activities incidental to these functions, are analogous to similar activities permissible for banks under the Bank Holding Company Act ( 12 U.S.C. 1841 et seq. ). (3) The activities described in paragraph (2) shall be deemed financial in nature, or incidental to a financial activity, under the Bank Holding Company Act ( 12 U.S.C. 1841 et seq. ) for purposes of section 5 of this Act. (e) Report on rulemaking status Not later than 180 days after the effective date of this Act under subsection (a), the Board shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a status update on the development of the rulemaking under this Act.