#CryptoClarityAct The CLARITY Act (Clarity in the Structure of the Digital Asset Market) is a bill passed by the U.S. House of Representatives that aims to clearly define the rules and oversight for cryptocurrencies. Its key objectives are ¹ ²:
- *Define digital assets*: Establishes clear definitions for terms such as blockchain, digital asset, and digital commodity.
- *Division of oversight*: Assigns regulatory roles between the SEC (for securities) and the CFTC (for commodities and trading).
- *Categorization of tokens*: Allows certain tokens initially considered securities to be treated as commodities if they are decentralized.
- *Define digital assets*: Establishes clear definitions for terms such as blockchain, digital asset, and digital commodity.
- *Division of oversight*: Assigns regulatory roles between the SEC (for securities) and the CFTC (for commodities and trading).
- *Categorization of tokens*: Allows certain tokens initially considered securities to be treated as commodities if they are decentralized.