The US House of Representatives has passed the Digital Asset Market Structure Bill, also known as the CLARITY Act, marking a significant step towards cryptocurrency regulation. This bill aims to provide a clear regulatory framework for the digital asset industry, a sector that has long awaited defined guidelines. The CLARITY Act seeks to delineate regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This division of power is intended to clarify which agency oversees specific types of digital assets, reducing ambiguity for businesses operating in the crypto space. Furthermore, the bill proposes exemptions from the Securities Act of 1933 registration requirements for cryptocurrencies that meet pre-defined criteria. This aspect is crucial for fostering innovation and allowing legitimate projects to thrive without facing overly burdensome regulations. The bill now heads to the Senate for further consideration, where its future will be determined. The passing of the CLARITY act could mark a turning point for digital assets. ```

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