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Digital Asset Clarity: Excluding Investment Contract Assets from Securities Definition

This act aims to clarify that certain digital assets, when sold under an investment contract, are not automatically considered securities. This means that rules for trading securities will not apply to these specific assets, potentially affecting how they are acquired and traded. The goal is to foster innovation in the digital sector in the U.S.
Key points
Digital assets sold under investment contracts will not automatically be deemed securities.
The change aims to facilitate the growth of the digital industry and avoid unnecessary regulation.
Impacts how digital assets are classified and regulated, which can be significant for investors and companies.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4451
Sponsor: Rep. Emmer, Tom [R-MN-6]
Process start date: 2021-07-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Securities Clarity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4451.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-16.

What are the main provisions?

Key points include:

  • Digital assets sold under investment contracts will not automatically be deemed securities.
  • The change aims to facilitate the growth of the digital industry and avoid unnecessary regulation.
  • Impacts how digital assets are classified and regulated, which can be significant for investors and companies.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Emmer, Tom [R-MN-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law