US Lawmakers Reintroduce Securities Clarity Act Which Coins New Term

US lawmakers introduced a bill on Thursday that aims to clarify how digital assets are labeled, in part through a new term coined an “investment contract asset.”
Reps. Tom Emmer, R-Minn., and Darren Soto, D-Fla., reintroduced the Securities Clarity Act, with backing from crypto advocacy groups in Washington D.C.
Emmer first introduced the bill in 2020, which would define an “investment contract asset” as distinct from the securities offering it was a part of....
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