#CryptoClarityAct
is a legislative proposal from the USA aimed at resolving the regulatory uncertainty surrounding the cryptocurrency sector. Its main objectives are:
1. 🗂️ Clear Classification: Defines objective criteria to differentiate when a crypto asset is a security (under the jurisdiction of the SEC) and when it is a commodity (under the jurisdiction of the CFTC).
2. 🏛️ Division of Authority: Explicitly assigns the SEC the regulation of crypto assets that are investment contracts (initial offerings - ICOs, tokens of centralized projects) and the CFTC the regulation of digital commodities (cryptocurrencies like Bitcoin and Ethereum, considered commodities).
3. 🛡️ Legal Certainty: Provides clarity for companies, investors, and developers on which rules to follow, promoting responsible innovation within the USA.
4. ⚖️ Important Definitions: Seeks to define fundamental terms such as blockchain, digital asset, virtual currency, and smart contract in federal legislation.
Central Objective: Create a predictable regulatory environment that protects investors without stifling the technological and financial innovation brought by cryptocurrencies and blockchain.