#CryptoClarityAct
The Crypto Clarity Act aims to provide regulatory clarity for cryptocurrencies in the United States. The proposed legislation seeks to define the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets.
*Key Provisions:*
- *Definition of Digital Assets*: Clear definitions of digital assets, including cryptocurrencies and tokens.
- *Regulatory Jurisdiction*: Clarification on the roles of the SEC and CFTC in regulating digital assets.
- *Consumer Protection*: Provisions to protect consumers from fraudulent activities and market manipulation.
*Impact:* Clear regulations can foster innovation and growth in the crypto industry.
