PANews reported on March 27 that U.S. Congressmen Tom Emmer and Darren Soto re-proposed the Securities Clarity Act, which aims to clarify the legal distinction between crypto assets and securities contracts and provide a compliance path for innovative projects. The bill has received support from Coin Center, the Blockchain Association, and others, and is seen as an important prelude to U.S. crypto market structure legislation. The bill emphasizes that "investment contract assets" should be independent of the issuance of securities to which they were originally attached, laying a legal foundation for the reclassification of digital assets as commodities after decentralization.