Basma_Awais
A highly organized and creative Media Specialist with 2 years of hands-on experience in updating websites and social media accounts, report writing and Canva.
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🇺🇸 U.S. Senate releases CLARITY Act draft
📈 In the CLARITY Act, digital assets are classified as "commodities," placing them more clearly under the jurisdiction of the Commodity Futures Trading Commission (CFTC).
➡️ The bill states that digital assets, referred to as "ancillary assets," are not considered securities, and their resale does not constitute investment activity.
However, under certain conditions, such transactions may be classified as investment contracts
➡️ The CLARITY Act requires the Securities and Exchange Commission (SEC) to update its regulatory framework to ensure stronger investor protection.
📈 In the CLARITY Act, digital assets are classified as "commodities," placing them more clearly under the jurisdiction of the Commodity Futures Trading Commission (CFTC).
➡️ The bill states that digital assets, referred to as "ancillary assets," are not considered securities, and their resale does not constitute investment activity.
However, under certain conditions, such transactions may be classified as investment contracts
➡️ The CLARITY Act requires the Securities and Exchange Commission (SEC) to update its regulatory framework to ensure stronger investor protection.
Michael Saylor's Strategy announces IPO of 5 million shares of STRC stock to buy more bitcoin 🚀
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