#CryptoClarityAct
CLARITY Act: A Major Step in Regulating the Cryptocurrency Market in the United States
The CLARITY Act is an American law aimed at providing a clear regulatory framework for the regulation of digital currencies in the United States. Here are the key points of the law and its impact:
Key Points of the Law
- *Clear Definitions*: The law provides clear definitions for classifying digital assets, reducing ambiguity in regulation.
- *Role of the Commodity Futures Trading Commission (CFTC)*: The law designates the CFTC as the primary regulatory authority over digital commodities, while the Securities and Exchange Commission (SEC) retains its powers to regulate assets classified as securities.
