The #CryptoClarityAct : Revolutionizing Digital Asset Regulation 🧘♀️🧑🚒⛓️💥
🔵 The Digital Asset Market Clarity Act, known as the CLARITY Act, has passed the US House of Representatives with bipartisan support.
This landmark bill aims to resolve the long-standing regulatory uncertainty surrounding digital assets by defining clear boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
🔵 Key Provisions: ⛑️
🔹Digital Commodity Definition: Clearly defines digital assets as commodities or securities, providing regulatory clarity.
🔹Registration Requirements: Mandates registration for crypto platforms, ensuring compliance and consumer protection.
🔹Jurisdictional Clarity: Assigns regulatory roles to SEC and CFTC based on asset characteristics.
🔵 The CLARITY Act promotes market stability, innovation, and investor protection, positioning the US as a leader in digital asset regulation.
