#CryptoClarityAct

Senators Release Discussion Draft That ‘Builds on’ House’s CLARITY Act.

This Act clearly defines how the SEC and CFTC share oversight based on how a digital asset functions, not just how it was originally sold. CLARITY strengthens disclosures, safeguards customer funds, and creates a path for compliant digital asset firms to build in the US.

In a historic vote in the House of Representatives earlier this week, Congress approved the country's first ever major crypt legislation, signaling a sea change in the U.S. stance towards these digital currencies.

The overall market valuation of cryptocurrencies hit a record $4 trillion soon after the vote in a reflection of the excitement being felt across the sector.

And in a ceremony on Friday, President Trump — who has vowed to make America the "crypto capital of the planet" — signed the bill into law to the cheers of Republican lawmakers.