CONGRESS FOR VOTERS

RepublicanBill · H.R. 2365· House(119-HR-2365)

Securities Clarity Act of 2025

Rep. Emmer
Age: 65 years
Minnesota
Introduced
3/26/2025
Last activity
3/26/2025 — Referred to the House Committee on Financial Services.
Sponsored by
Tom Emmer
Cosponsors
Republican - 0Democrat - 1
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

The Securities Clarity Act of 2025 seeks to amend existing securities laws. The primary goal is to exclude "investment contract assets" from the legal definition of a security. This change would affect the Securities Act of 1933, the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Exchange Act of 1934, and the Securities Investor Protection Act of 1970. An investment contract asset is defined as a fungible digital representation of value that can be exclusively possessed and transferred person to person without necessary reliance on an intermediary. These assets are recorded on a cryptographically secured public distributed ledger and are sold or transferred pursuant to an investment contract.

Yes

  • Would business owners be better off under this?+3

    Providing clarity for digital asset transfers can benefit businesses operating in the fintech and crypto sectors.

  • Is this likely to grow the economy?+3

    By providing regulatory clarity for digital assets, the bill may foster innovation and growth in the digital economy.

The opposite

  • Does this give people more protection from unfair business practices?-3

    Excluding certain digital assets from securities law may reduce regulatory oversight and protections for investors.

  • Does this put more rules on large technology companies?-2

    By excluding certain digital assets from securities laws, this bill reduces the regulatory reach of current financial oversight mechanisms.

  • Does this give the federal government more power?-2

    The bill limits federal securities law jurisdiction over specific digital assets.