#CryptoClarityAct

The Crypto Clarity Act, recently passed by the U.S. House of Representatives, represents a pivotal step toward establishing a unified regulatory framework for digital assets. It primarily aims to delineate the jurisdictional boundaries between the SEC and CFTC, classifying digital assets as either securities or commodities based on their characteristics and decentralization. The bill introduces clear registration requirements for digital asset exchanges, brokers, and dealers, while also incorporating provisions for consumer protection, anti-money laundering compliance, and the safeguarding of self-custody rights. This legislation seeks to bring order and predictability to the crypto market, fostering innovation and investor confidence within the United States.