U.S. Congressman Emmer re-introduces the Securities Clarity Act to set regulatory boundaries for crypto assets

US Congressman Tom Emmer and Darren Soto reintroduced the "Token Taxonomy Act", aimed at clarifying the legal distinction between cryptocurrency assets and securities contracts, providing a compliance path for innovative projects. The bill is supported by Coin Center, the Blockchain Association, and others, and is seen as an important prelude to legislation on the market structure of cryptocurrencies in the US. The bill emphasizes that "investment contract assets" should be independent of the securities issued to which they were originally attached, laying a legal foundation for reclassifying digital assets as commodities after decentralization.