#CryptoClarityAct
What is the CLARITY Act crypto?
It 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.
What is the difference between the CLARITY Act and the Genius Act?
GENIUS requires all entities issuing payment stablecoins to US persons to apply to be “permitted payment stablecoin issuers” or to otherwise consent to regulation under GENIUS; the CLARITY Act then refers to payment stablecoins from those approved issuers as “permitted payment stablecoins.”
CLARITY ACT SENT TO SENATE
The Clarity Act, which passed 294-134, would critically define when a cryptocurrency is a security or a commodity and clarify the Securities and Exchange Commission's jurisdiction over the sector, something crypto companies aggressively disputed during the Biden administration.
