#CryptoClarityAct

The "Clarity in Cryptocurrency" Act aims to enhance transparency and regulatory certainty in the digital currency sector. Proposed by U.S. lawmakers, it seeks to clearly define the classification of digital assets, distinguishing between securities and commodities. This law will empower developers and investors by reducing legal ambiguity, encouraging innovation, and protecting consumers. It also fosters cooperation between regulatory bodies, such as the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Supporters believe it could prevent abuses and promote the growth of the blockchain ecosystem. If enacted, the "Clarity in Cryptocurrency" Act could serve as a foundation for balanced regulation of digital currencies in the United States and influence global standards.