#CryptoClarityAct

The Transparency in Digital Asset Markets Act (CLARITY Act - H.R.3633) is one of the most prominent proposed legislations in the United States aimed at establishing a clear and comprehensive regulatory framework for digital currencies and assets based on blockchain technology.

The law aims to:

. Provide a clear definition of digital currencies as a distinct class of assets called digital commodities, primarily regulated by the Commodity Futures Trading Commission (CFTC) instead of the Securities and Exchange Commission (SEC) in most cases.

. Reduce the regulatory ambiguity that the Web 3 sector has faced, providing companies and investors with legal certainty on how to comply

. Encourage innovation in the blockchain space through a supportive and clear legal environment.