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26 July 2021

Proposed U.S. Bill Seeks to define Crypto Under Securities Act

Proposed U.S. Bill Seeks to define Crypto Under Securities Act


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However, lawmakers of the United States House of Representatives have proposed a new bill that tries to solve this problem by defining cryptocurrencies under the Securities Act.

In order to better define and incorporate digital assets, the United States House of Representatives has introduced a measure to amend securities laws.

Furthermore, it claims that this distinction between investment contracts and the assets sold as a result of them is sometimes “unnecessarily conflated in the context of digital assets.”.

“As such, the bill proposes “to clarify and codify that this kind of assets, that is not otherwise a security under the Act, does not become a security as a result of being sold or otherwise transferred pursuant to an investment contract.”.

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