#CryptoClarityAct is making big moves! Here's a quick update:

* House Passed It! ๐Ÿ›๏ธ The U.S. House of Representatives recently passed the Digital Asset Market Clarity (CLARITY) Act with strong bipartisan support (294-134 votes) on July 17, 2025. ๐ŸŽ‰

* What it Does: ๐Ÿง This act aims to bring much-needed clarity ๐Ÿ“– to crypto regulation. It's designed to define the roles of the SEC ๐Ÿ›๏ธ (Securities and Exchange Commission) and the CFTC โš–๏ธ (Commodity Futures Trading Commission) in overseeing digital assets. This means less confusion about what's a "digital commodity" and what's a "security." ๐Ÿ’ก

* Key Goals: ๐ŸŽฏ

* Investor Protection: ๐Ÿ›ก๏ธ It seeks to safeguard consumers and investors.

* Innovation: ๐Ÿš€ It aims to foster innovation in the U.S. crypto industry.

* Clear Rules: ๐Ÿ“œ Establishes rules for crypto firms on registration, disclosure, and financial compliance.

* DeFi Protection: ๐Ÿ’ช It may offer protections for non-custodial developers and exempt certain DeFi activities from traditional registration.