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Securities Clarity Act of 2025 (HR-2365) · Congress.wiki

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Introduced in House

March 26, 2025•3 pages

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March 26, 2025

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United StatesHouse Bill 2365HR 2365

Securities Clarity Act of 2025

Finance and Financial Sector

3 pages

house
senate
president

Introduced March 26, 2025 by Thomas Earl Emmer · Last progress March 26, 2025

AI Summary

Defines a new term in federal securities laws for certain blockchain-based tokens. It creates “investment contract asset” to describe a fungible digital token on a public, cryptographically secured distributed ledger that can be exclusively possessed and transferred person‑to‑person, is sold or intended to be sold under an investment contract, and is not otherwise a listed type of security.

It makes matching updates across major securities statutes so the same definition applies in the Securities Act, Exchange Act, Investment Company Act, Investment Advisers Act, and Securities Investor Protection Act. This aims to separate the token from the investment contract used to sell it, potentially clarifying how digital assets are treated under securities law.