The SEC Crypto Task Force is progressing with the return of the Securities Clarity Act, aiming to untangle the legal mess surrounding digital assets.
The bipartisan legislation, introduced by Reps. Tom Emmer and Darren Soto, would define the legal status of digital assets and provide clarity for the industry.
The Act aims to separate digital assets from securities contracts, reducing compliance challenges and promoting innovation.
The Securities Clarity Act is part of a broader effort in Congress to define digital asset regulations while supporting innovation and maintaining oversight.