Securities Clarity Act introduced

Introduced by Bill Emmers, the GOP whip, this bill clarifies the regulatory classification of digital assets and provides market certainty for innovators and clear jurisdictional boundaries for regulators. The Securities Clarity Act inserts a key term, the “investment contract asset,” into existing securities law to enable crypto projects to reach their full potential in a compliant way, allowing the United States to compete globally in this next iteration of the internet. This bill would declare crypto to NOT be a security, but instead an "investment contract asset". That would get the SEC off crypto's back.

https://emmer.house.gov/_cache/files/4/4/44640083-8c24-432d-964e-b0dad3570b6f/A4BFD808D87EF1A7EAB1C7C00FD811C4.signed-bill-text.pdf