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Excluding Investment Contract Assets from Securities Definition

This act changes the definition of securities by excluding certain digital assets that are fungible, transferable person-to-person without intermediaries, and recorded on a cryptographically secured public distributed ledger. This means some digital assets previously considered securities will no longer be subject to the same regulations, potentially impacting how they are bought, sold, and held by citizens.
Key points
Digital assets that are fungible and transferable directly between individuals will no longer be considered securities.
This change may affect regulations for trading and holding certain digital assets, potentially simplifying their exchange for citizens.
New rules apply to digital assets recorded on public, cryptographically secured ledgers.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2365
Sponsor: Rep. Emmer, Tom [R-MN-6]
Process start date: 2025-03-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Securities Clarity Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2365.

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 2025-03-26.

What are the main provisions?

Key points include:

  • Digital assets that are fungible and transferable directly between individuals will no longer be considered securities.
  • This change may affect regulations for trading and holding certain digital assets, potentially simplifying their exchange for citizens.
  • New rules apply to digital assets recorded on public, cryptographically secured ledgers.
What is the specific legal status?

The current status is Introduced.

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 2025-12-22.

CATEGORIES

Economy