#CryptoClarityAct

The Digital Asset Market Clarity Act (CLARITY Act) aims to establish a comprehensive regulatory framework for digital assets in the US. Its primary purpose is to define clear jurisdictional lines between the SEC and CFTC, classifying digital assets as either "digital commodities" (primarily CFTC oversight) or securities (SEC oversight). The Act also outlines disclosure requirements for issuers, mandates robust compliance standards for trading platforms, and provides for enhanced consumer protection. This bipartisan bill seeks to reduce regulatory uncertainty, foster innovation, and strengthen market integrity in the burgeoning crypto industry.