#CryptoClarityAct

Things to know as new law passed

The Crypto Clarity Act aims to establish a clear regulatory framework for digital assets in the United States. Its primary goal is to categorize cryptocurrencies, distinguishing between those that are securities and those that are commodities. This distinction is crucial as it determines which regulatory body – the SEC (Securities and Exchange Commission) or the CFTC (Commodity Futures Trading Commission) – has jurisdiction.

The act seeks to provide much-needed legal certainty for crypto businesses and investors, fostering innovation while protecting consumers. By defining digital asset classes and outlining regulatory responsibilities, the Crypto Clarity Act intends to bring order to the currently fragmented and often ambiguous crypto landscape.