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.
Status:
Introduced
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