Good morning friends
⭐ CONGRESS INTRODUCES CLARITY ACT TO SHIFT CRYPTO OVERSIGHT FROM SEC TO CFTC ⭐
The US Congress introduced the Digital Asset Market Clarity (CLARITY) Act, aiming to redefine how digital assets are regulated in the United States. The bill, unveiled by House lawmakers on Thursday, seeks to transfer most crypto oversight from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). This legislative effort intends to establish open regulatory boundaries for cryptocurrencies and provide a formal legal framework for the industry.
KEY REGULATORY SHIFT FROM SEC TO CFTC$BTC
The CLARITY Act proposes amending existing securities laws to exclude most digital assets from the category of securities. Instead, these assets would be classified as “digital commodities,” placing them under the jurisdiction of the CFTC.
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