New US Crypto Bill Clarifies Digital Assets as Commodities or Securities

A groundbreaking new US crypto bill aims to settle years of regulatory uncertainty by definitively classifying digital assets. This move would clarify the legal status of cryptocurrencies, ushering in a period of greater clarity and stability for the industry. The bill introduces the ‘Investment Contract Asset’ category to categorize tokens sold through investment contracts (such as ICOs) as securities while leaving other tokens under the purview of the CFTC for commodities regulation. This shift would significantly impact how cryptocurrencies are regulated.