#CryptoClarityAct The #CryptoClarityAct is a proposed legislation aimed at providing regulatory clarity for the cryptocurrency industry in the United States. The bill seeks to establish clear guidelines and definitions for digital assets, distinguishing between securities and commodities.
Key aspects of the #CryptoClarityAct:
1. *Definition of Digital Assets*: Clarify the distinction between digital assets that are securities and those that are commodities.
2. *Regulatory Framework*: Establish a clear regulatory framework for digital assets, outlining the roles of the SEC and CFTC.
3. *Consumer Protection*: Enhance consumer protection measures to safeguard investors in the digital asset market.
4. *Innovation*: Foster innovation in the digital asset space by providing regulatory certainty.
The #CryptoClarityAct aims to provide much-needed clarity and stability for the cryptocurrency industry, promoting growth, innovation, and investor protection.