#CryptoClarityAct ๐บ๐ธ Digital Asset Market Clarity Act Passed by U.S. House!#CryptoClarityAct #CryptoRegulation@Binance Square
๐จ H.R. 3633 approved by a 294โ134 vote
๐ Defines oversight: SEC vs CFTC based on decentralization
๐ง Assets become digital commodities (CFTC) once decentralized
๐ Investment contracts stay under SEC until they mature
๐ Exchanges must separate user funds, follow BSA/AML, and provide clear disclosures
๐ Who Benefits:
โ๏ธ Crypto Projects โ Clear rules, less legal risk
โ๏ธ Investors โ More trust in U.S. crypto markets
โ๏ธ Retail Users โ Better protections & transparency
๐งช Whatโs Next:
๐ฉ Bill moves to the Senate for final approval
๐ Senate working on a faster, simplified version for quick passage
#Web3Update #DigitalAssets๎ #CryptoLaw #RegulationNews