US Senate’s Clarity Act Excludes Staking and NFTs From Securities Definition

The updated legislative proposal removes staking and non-fungible tokens from the category of securities under US law, aiming to provide clearer regulatory boundaries for digital assets.

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Terms & Concepts
  • Clarity Act: A proposed US legislative framework designed to define and regulate digital assets, clarifying which should be treated as securities.
  • Staking: A process in blockchain networks where users lock up cryptocurrency to support network operations, earning rewards in return.
  • Non-Fungible Tokens (NFTs): Unique digital assets stored on a blockchain, representing ownership of items such as art, music, or virtual property.