#CryptoClarityAct O Crypto Clarity Act, also known as the Clarity for Payment Stablecoins Act, is a proposed law in the U.S. aimed at establishing clear guidelines for digital assets, including stablecoins and altcoins. Approved in the House of Representatives by a vote of 294 in favor and 134 against, the proposal now moves to review in the Senate.
*Key points of the Clarity Act:*
- *Definition of stablecoins*: The law proposes specific rules for stablecoins, reinforcing the role of the Commodity Futures Trading Commission (CFTC) over digital commodities and registration requirements for issuers.
- *Division of competencies*: The proposal defines the specific functions of the Securities and Exchange Commission (SEC) and the CFTC, reducing uncertainty and providing a clear regulatory framework for companies and investors.
- *Legal pathway for stablecoin issuers*: The law offers a more defined legal pathway for stablecoin issuers to operate in a regulated manner within the country.
- *Impact on the market*: The approval of the Clarity Act could be the beginning of a new institutional cycle for the crypto market, especially for projects that operate with a legal basis in the U.S.
*Potential impact:*
- *Market growth*: The law could attract institutional capital, boost the market, and drastically reduce the risks of arbitrary interpretations from the SEC.
- *Institutional adoption*: The classification of cryptocurrencies as commodities could open doors for ETFs, corporate treasury adoption, and integration with traditional finance.
- *Blockchain development*: The Clarity Act may validate the path of decentralized development for commodities, potentially benefiting other blockchain networks.
