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US Congressman Tom Emmer and Darren Soto have reintroduced the Securities Clarity Act, aimed at clarifying the legal distinction between cryptocurrency assets and securities contracts, and providing a compliance pathway for innovative projects. The bill has received support from Coin Center, the Blockchain Association, and is seen as an important prelude to legislation on the structure of the US cryptocurrency market. The bill emphasizes that "investment contract assets" should be independent of the securities issuance on which they were originally attached, laying a legal foundation for the reclassification of digital assets as commodities after decentralization.