#CryptoClarityAct

The CLARITY Act (Clarity for Digital Asset Markets) is a new American legislation aimed at ending the regulatory chaos in the world of digital currencies by establishing clear boundaries between the authorities of the SEC and CFTC. Under it, digital assets are classified either as commodities overseen by the CFTC or as securities under the supervision of the SEC, while preserving the freedom of decentralized transactions (DeFi) and protecting users' rights to self-custody of their wallets.

The law has broad support from both American parties and is backed by industry giants like Coinbase and OpenSea, who warn of losing American leadership if the current ambiguity persists. However, on the other side, it faces criticism from some Democrats, most notably Maxine Waters, who consider it hasty and potentially opening the door to risky practices.

Currently, the law is being discussed during what is known as "Crypto Week" in Congress and is seen as a pivotal step that could determine the future of digital currencies in the United States, either cementing its global position or leaving the field open for other countries to advance more quickly.