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News Explorer — Top Lawmaker Wants to Make Sure SEC Can't Touch XRP, Solana and Other Crypto Assets—Critics Warn of Unintended Consequences

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Apr 4, 2:59 pm

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Top Lawmaker Wants to Make Sure SEC Can't Touch XRP, Solana and Other Crypto Assets—Critics Warn of Unintended Consequences

The Securities Clarity Act aims to amend U.S. securities laws to exempt most crypto assets from being classified as securities, potentially impacting securities regulation and the broader financial system. The bill, reintroduced by House Majority Whip Tom Emmer, seeks to remove discretion from the SEC in determining crypto assets' security status.

The Securities Clarity Act aims to amend U.S. securities laws to exempt most crypto assets from being classified as securities, potentially impacting securities regulation and the broader financial system. The bill, reintroduced by House Majority Whip Tom Emmer, seeks to remove discretion from the SEC in determining crypto assets' security status.

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