U.S. Congressman Emmer re-introduces the Securities Clarity Act to set regulatory boundaries for crypto assets

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ODAILY
03-27
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Planet Daily News: U.S. Representatives Tom Emmer and Darren Soto have reintroduced the Securities Clarity Act, aimed at clarifying the legal distinction between crypto assets and securities contracts, and providing a compliance pathway for innovative projects. The bill has received support from Coin Center, the Blockchain Association, and is seen as an important prelude to cryptocurrency market structure legislation. The bill emphasizes that "investment contract assets" should be independent of their original securities issuance, laying the legal groundwork for reclassifying decentralized digital assets as commodities.

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