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A proposed legislative initiative in the United States aimed at clarifying the laws and regulations related to digital currencies, especially whether they are considered securities or not. Here are the key points:

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🔍 What is the goal of the law?

To determine whether the digital currency is a "security" or a "commodity" or something else.

To provide legal clarity for businesses and investors in the crypto space to avoid disputes and ambiguity with regulatory bodies like the SEC and CFTC.

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⚖️ Who is behind this law?

U.S. Representative Tom Emmer has been one of the most prominent supporters of this initiative.

It came in response to the legal confusion arising after famous cases like Ripple vs SEC.

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📌 Key points in the law:

1. Clearly define digital currencies: Are they securities or not?

2. Protect decentralized projects from being accused of offering securities without registration.