#CryptoClarityAct CLARITY: new cryptocurrency laws in the USA!
The U.S. House of Representatives has passed two important bills for cryptocurrency regulation: GENIUS and CLARITY!
Let's talk about CLARITY!!!
CLARITY:
- Creates a unified registration of cryptocurrency exchanges through the SEC and CFTC.
- Allows platforms to legally operate with selected tokens (spot, derivatives) provided they comply with asset custody rules.
- Issuers selling tokens in the USA must submit financial reports.
- Banks must identify reliable custodians for stablecoins and other assets.
GENIUS:
- Regulates stablecoins.
Conclusion:
These are the first steps towards unified cryptocurrency regulations in the USA.