Digital Asset Market Clarity Act
-SEC & CFTC Oversight: Gives CFTC authority over digital commodities and defines clear limits for SEC securities.Disclosures & Decentralization: Requires token transparency and lowers compliance burdens once networks decentralize.Customer Protection: Prohibits mixing user and company funds, safeguarding customer assets during bankruptcy.Developer & Wallet Rights: Grants legal safe harbors to software developers and guarantees self-custody wallet rights.
-SEC & CFTC Oversight: Gives CFTC authority over digital commodities and defines clear limits for SEC securities.Disclosures & Decentralization: Requires token transparency and lowers compliance burdens once networks decentralize.Customer Protection: Prohibits mixing user and company funds, safeguarding customer assets during bankruptcy.Developer & Wallet Rights: Grants legal safe harbors to software developers and guarantees self-custody wallet rights.