#CryptoClarityAct
The #CryptoClarityAct, formally known as the Digital Asset Market Clarity Act of 2025 (CLARITY Act), is a bipartisan piece of legislation in the United States aimed at establishing a comprehensive regulatory framework for digital assets. It was introduced by Congressman French Hill and has received significant support from both Republicans and Democrats.
* Clarifying Jurisdiction: A primary goal is to resolve the long-standing regulatory uncertainty in the crypto space by clearly defining the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The act aims to differentiate between "digital commodities" (which would fall under CFTC oversight) and "restricted digital assets" (which would be under SEC oversight).
* Defining Digital Assets: The CLARITY Act introduces new categories and definitions for digital assets, including "digital commodities," "securities," and "stablecoins," to provide a consistent legal framework.
* **"Mature Blockchain System" Concept: It introduces the concept of a "mature blockchain system," which is a decentralized system not controlled by any single entity. Digital assets on such mature blockchains would typically be classified as digital commodities.
* Investor Protection: The act includes provisions designed to protect investors, such as requiring clear disclosures, segregating customer funds, establishing bankruptcy procedures, and addressing conflicts of interest.
* Regulatory Pathways: It seeks to create clear pathways for digital asset firms to operate compliantly within the U.S., fostering innovation and keeping the development of blockchain networks within the country.
* DeFi and Custody: The CLARITY Act addresses decentralized finance (DeFi) operations and provides clarity on custody considerations, aiming to reduce regulatory uncertainty for validators and developers.
#Write2Earn