The CLARITY Act, a new bill aimed at reshaping the regulatory landscape for cryptocurrencies in the US, has been introduced. The bill moves regulatory authority from the SEC to the CFTC, paving the way for clearer guidelines and potentially accelerating innovation. This shift comes as a welcome development for the industry, which has long called for more consistent regulations and clarity on how digital assets are classified. The act categorizes cryptocurrencies into distinct classifications: ‘digital commodities,’ ‘investment contract assets,’ and ‘permitted payment stablecoins.’ The bill is backed by key players in the crypto community, who argue that CFTC’s focus on market structure will foster a more conducive environment for growth. Notably, both the Senate and House versions of the bill have already passed, reflecting growing Congressional interest in establishing clear regulations for digital assets.