#CryptoClarityAct

Crypto Clarity Act: Key Points

The Crypto Clarity Act aims to provide regulatory clarity for digital assets in the United States. Here are some key points [8][4]:

- *Definition of Digital Assets*: The bill seeks to define digital assets and distinguish between different types of cryptocurrencies.

- *Regulatory Framework*: It proposes a regulatory framework for digital assets, including rules for issuance, trading, and custody.

- *SEC and CFTC Oversight*: The bill clarifies the roles of the SEC and CFTC in regulating digital assets.

- *Consumer Protection*: It includes provisions to protect consumers from fraudulent activities and ensure transparency.

- *Industry Growth*: The Crypto Clarity Act aims to foster innovation and growth in the digital asset industry by providing regulatory certainty.

The bill's passage could significantly impact the crypto industry.