#CryptoClarityAct

The "Crypto Clarity Act" is a U.S. bill aimed at clarifying the regulation of digital assets by defining their types and identifying the regulatory bodies responsible for each type. This law aims to provide regulatory clarity for companies and investors in the digital currency space by determining whether a digital asset is considered a security or a commodity.

Key aspects of the law:

Defining types:

The law distinguishes between three main types of digital assets:

Digital commodities: such as Bitcoin, where decentralization is clear and governance is open.

Restricted digital assets: semi-centralized projects in transition or with mixed governance.

Digital securities: assets that meet the standards of the Howey test and are similar to traditional securities.

Identifying regulatory bodies:

The law assigns regulatory responsibility for digital commodities to the Commodity Futures Trading Commission (CFTC), while digital securities are under the oversight of the Securities and Exchange Commission (SEC).

"Mature blockchain market" system:

The law distinguishes between a "mature blockchain market" where decentralization is evident, and an "immature blockchain market" that requires further regulation.