#CryptoClarityAct Crypto Clarity Act, also known as the CLARITY Act or Digital Asset Market Clarity Act, is a proposed law in the United States aimed at providing regulatory clarity for the cryptocurrency industry. Here are the key aspects of the act ¹ ² ³:
- *Primary Goals:*
- Define digital assets and establish clear regulatory guidelines
- Determine jurisdiction between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC)
- Provide a framework for digital asset trading, custody, and issuance
- *Regulatory Oversight:*
- CFTC would oversee digital commodities, such as Bitcoin and Ethereum
- SEC would retain oversight of securities
- *Key Provisions:*
- *Digital Commodity Definitions*: Defines digital commodities as assets intrinsically linked to blockchain systems
- *Exemptions for Primary Transactions*: Allows projects to certify as "mature blockchains" and reduces oversight if sufficiently decentralized
- *Provisional Registration*: Introduces a provisional registration system for exchanges, brokers, and custodians
- *Anti-Money Laundering (AML) Measures*: Strengthens AML rules and imposes trade monitoring and recordkeeping obligations
- *Impact:*
- Provides regulatory clarity and certainty for crypto companies and investors
- May foster innovation and growth in the US digital asset sector
- Could set a precedent for global crypto regulation
- *Status:*
- Passed the US House of Representatives on July 17, 2025
- Now heads to the Senate for review and potential amendments
- Would need to be signed into law by the President to take effect
The CLARITY Act aims to address the long-standing ambiguity in crypto regulation, providing a clear framework for the industry to operate within. Its passage could have significant implications for the future of cryptocurrency in the US.
