#CryptoClarityAct Here’s a concise, 120‑word overview of the Digital Asset Market Clarity Act (“CLARITY Act”):
The CLARITY Act (H.R. 3633), passed by the House on July 17 by a 294–134 vote, aims to define clear regulatory roles for digital assets . It distinguishes “investment contract assets” (initial token sales treated as securities by the SEC) from “digital commodities” (mature, decentralized tokens overseen by the CFTC) . The bill mandates SEC–CFTC coordination, records reporting, anti-fraud guardrails, and a registration structure for exchanges, brokers, and custodians . It also allows up to $75 M in investment contract offerings under exemptions, with mandatory disclosures . A Senate draft is under review and seeks public feedback, building on this groundwork .
The CLARITY Act (H.R. 3633), passed by the House on July 17 by a 294–134 vote, aims to define clear regulatory roles for digital assets . It distinguishes “investment contract assets” (initial token sales treated as securities by the SEC) from “digital commodities” (mature, decentralized tokens overseen by the CFTC) . The bill mandates SEC–CFTC coordination, records reporting, anti-fraud guardrails, and a registration structure for exchanges, brokers, and custodians . It also allows up to $75 M in investment contract offerings under exemptions, with mandatory disclosures . A Senate draft is under review and seeks public feedback, building on this groundwork .