United States of America: Introduced Securities Clarity Act (HR 3572)
Description
Introduced Securities Clarity Act (HR 3572)
On 22 May 2023, the Securities Clarity Act was introduced into the US House of Representatives. The Act seeks to clarify that an asset, including digital assets, sold under an investment contract does not necessarily become a security as a result of the sale.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation, registration and licensing, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament