New Act Aims to Shape US Digital Asset Regulation: CLARITY Act Unveiled

A bipartisan proposal, the CLARITY Act, is poised to reshape digital asset regulation in the United States. Sponsored by Representative French Hill and backed by a group of House Financial Services Committee members, the act seeks to clarify legal uncertainties and foster market stability. Key features include establishing clearer jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), paving the way for a defined regulatory pathway for digital assets such as Bitcoin and Ethereum.