#CryptoClarityAct assets have suffered for decades from fragmented oversight and the lack of clear definitions, which hindered innovation and scared away capital.

The purpose of such an act is: **delineation of powers** between regulators (for example, SEC and CFTC), *clear definition* of what constitutes a security! what constitutes a commodity among crypto assets, and creating **understandable licensing frameworks for exchanges and other market participants. The adoption of such a law will not only ensure better protection for investors but will also allow the USA to compete on equal footing with other jurisdictions that have already made progress in crypto regulation.