New Act Aims to Provide Clarity in U.S. Digital Asset Regulation

The U.S. House of Representatives has introduced the Digital Asset Market Clarity Act, aiming to bring clarity and stability to the regulatory landscape for digital assets. The bill introduces a key shift in oversight by redistributing authority between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). This move could significantly impact how cryptocurrency is regulated and traded. The CLARITY Act specifically aims to address existing regulatory ambiguities, potentially influencing areas like DeFi activity, token classifications, and compliance with rules across the crypto market.