#CryptoClarityAct (CCAct)
The CCAct refers to proposed or existing legislation aimed at providing clear regulatory frameworks for cryptocurrencies and blockchain technology in the United States. While no single bill officially bears this exact name (as of mid-2024), the term aligns with efforts like:
Key Goals of Such Legislation:
Regulatory Clarity – Defining whether cryptocurrencies are securities (SEC) or commodities (CFTC).
Consumer Protection – Safeguards against fraud, scams, and exchange collapses (e.g., FTX).
Stablecoin Rules – Oversight for USD-pegged stablecoins (e.g., USDT, USDC).
Tax Guidance – Clearer crypto tax reporting (IRS).
Innovation Support – Encouraging blockchain development without stifling growth.
Related U.S. Bills/Efforts:
Lummis-Gillibrand Responsible Financial Innovation Act (2022–2024) – A bipartisan crypto regulation bill.
SEC vs. Ripple/XRP case – Set precedents for crypto classification.
FIT21 Act (2024) – Passed House to clarify CFTC/SEC roles in crypto.
Why It Matters?
Lack of U.S. crypto clarity drives firms offshore; this aims to balance innovation and oversight.
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