U.S. Lawmakers Reintroduce Bill to Clarify Legal Distinction Between Crypto Assets and Securities
360media News
According to Odaily, U.S. Representatives Tom Emmer and Darren Soto have reintroduced the Securities Clarity Act, aiming to establish a clear legal distinction between crypto assets and securities contracts. The legislation seeks to provide a compliant pathway for innovative projects and has garnered support from organizations such as Coin Center and the Blockchain Association.
It is considered a significant precursor to the legislative framework for the U.S. crypto market structure. The bill emphasizes that 'investment contract assets' should be independent of the initial securities issuance, laying the legal groundwork for digital assets to be reclassified as commodities following decentralization.
