#CryptoClarityAct

🔍 U.S. Pushes for Crypto Clarity 🇺🇸

The House just approved the Digital Asset Market Clarity Act, alongside the GENIUS Act and anti‑CBDC legislation—part of a broader “Crypto Week” push in Congress. The Clarity Act draws a firm line: CFTC will regulate digital commodities, while SEC handles securities – ending decades of ambiguous “regulation by enforcement.” It even exempts select DeFi activities deemed “sufficiently decentralized” from heavy oversight 🏛️📜 .

Proponents argue this framework protects consumers and sparks U.S. innovation in crypto infrastructure. Critics, like Rep. Maxine Waters and reform groups, caution it may favor industry giants and weaken investor safeguards .

Now the Senate Banking Committee has released its own version—a 35‑page draft expanding SEC role and defining “ancillary assets” – seeking feedback through Aug. 5 .

Bottom line: U.S. crypto regulation is reaching a turning point 🚀