Next week, the US government will consider two significant bills aimed at regulating cryptocurrency.

Synopsis: The bills aim to restrict the Federal Reserve from establishing banks or currencies and to redefine securities for universal understanding, with investment contract assets exempted from the definition, effectively curtailing the SEC's oversight of cryptocurrencies.

HR4451, known as the Securities Clarity Act, seeks to exclude investment contract assets from the category of securities, thus altering disclosure and registration requirements. According to the bill, an investment contract asset is a tangible or intangible asset traded under an investment contract that does not fall under the definition of a security.