The CLARITY Act has been approved by the US House of Representatives with a vote of 294-134, establishing a regulatory framework for digital commodities. This legislation will clarify the roles of the SEC and CFTC, adding consumer protections and guidelines for digital asset managers. It aims to protect consumers, streamline regulations, and reinvigorate the US position in the cryptocurrency market. The Act seeks to provide innovators with certainty and foster growth in the digital asset industry. It reflects the need for a market structure to support emerging technologies and financial transactions involving cryptocurrency.
This bill helps establish a strong, pro-growth framework that gives innovators certainty that will bring digital assets back to the U.S. A key step to making America the Crypto Capital of the World.
The Clarity Act helps us get there by adding consumer protection into law and setting clear guidelines for digital asset managers. It also establishes guardrails for federal agencies, who have too often stepped outside their statutory authority in recent years.
Collection
[
|
...
]