The Securities Clarity Act of 2025 would exclude certain digital assets from federal securities regulations by redefining what counts as a "security." Specifically, the bill creates a new category called "investment contract assets"—defined as fungible digital tokens that can be owned and transferred directly between people on a public blockchain without needing an intermediary—and removes these assets from the definition of securities under five major federal laws governing securities markets, investment advisers, investment companies, and investor protection. This change would mean that digital assets meeting these criteria would no longer be subject to Securities and Exchange Commission oversight and regulations that currently apply to traditional investments. The bill affects cryptocurrency and blockchain-based asset companies, investors in digital assets, and the crypto industry broadly by providing regulatory clarity and potentially reducing compliance requirements. There is no specific funding or timeline mentioned in the legislation.
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