arrow_back Back to App

Clear Rules for Digital Assets: Investor Protection and Market Growth.

This bill aims to establish clear rules for companies dealing with digital assets, such as cryptocurrencies, to protect investors and ensure market stability. These companies will need to meet specific security and transparency requirements, which should increase trust in digital asset trading. Citizens will gain greater certainty regarding the safety of their digital asset investments.
Key points
Companies trading digital assets (e.g., cryptocurrencies) will have clear guidelines on when their products are not considered securities, reducing legal uncertainty.
New security requirements will be introduced for digital platforms, including protection against theft and loss of assets, enhancing the safety of citizens' funds.
Platforms will be required to disclose risks associated with digital asset trading and inform users that some investments may not be covered by investor insurance.
If a digital asset is determined to be a security, platforms will have time to comply with regulations or cease offering it, ensuring a smooth transition and investor protection.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_5030
Sponsor: Sen. Hagerty, Bill [R-TN]
Process start date: 2022-09-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Digital Trading Clarity Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5030.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-29.

What are the main provisions?

Key points include:

  • Companies trading digital assets (e.g., cryptocurrencies) will have clear guidelines on when their products are not considered securities, reducing legal uncertainty.
  • New security requirements will be introduced for digital platforms, including protection against theft and loss of assets, enhancing the safety of citizens' funds.
  • Platforms will be required to disclose risks associated with digital asset trading and inform users that some investments may not be covered by investor insurance.
  • If a digital asset is determined to be a security, platforms will have time to comply with regulations or cease offering it, ensuring a smooth transition and investor protection.
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 Sen. Hagerty, Bill [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Courts and Law