#CryptoClarityAct

🏠 House Passag: The CLARITY Act cleared the House on July 17 with a 294-134 vote, splitting crypto oversight between the SEC (securities) and CFTC (commodities) . Bipartisan support surprised many, with 78 Democrats backing it 💪.

Senate Next: The bill now heads to the Senate, where major amendments are expected. A competing Senate draft (RFI Act) favors SEC dominance, creating tension .

🔑 Key Features:

- Provisional registration for crypto firms 📝.

- Safe harbor for DeFi developers 🛡️.

- Path for tokens to transition from securities to commodities 🔄 .

Controversy: Critics argue it’s too industry-friendly, while supporters hail it as **long-needed clarity** 🌟.