US House Advances Clarity Act for Crypto Regulation: A Step Toward Increased Stability

The US House has passed the CLARITY Act, a significant step towards clarifying regulatory oversight of cryptocurrencies in the nation. This bipartisan legislation aims to define the SEC’s and CFTC’s roles regarding digital assets, providing greater clarity on their jurisdiction. The Act strengthens protections for non-custodial wallets and seeks to align regulations between the two agencies.