#CryptoClarityAct is a new U.S. bill that aims to introduce much-needed regulatory certainty to the crypto market. Most of its aim is to categorize the majority of cryptocurrencies as digital commodities and not securities, thereby putting them under CFTC regulation rather than the SEC.

It provides definitions like "digital commodity" under law and sets out standards for decentralized networks to be officially designated as such, providing a framework for projects to seek this classification.

Supported by bipartisan legislators, the bill will alleviate legal ambiguity and avert blockchain innovation from departing the U.S. because of ambiguous regulationsproviding a framework for projects to seek this classification.

Supported by bipartisan legislators, the bill will alleviate legal ambiguity and avert blockchain