#CryptoClarityAct The CLARITY Act aims to bring regulatory clarity to the US cryptocurrency market by defining digital assets and dividing oversight between the SEC and CFTC. Key provisions include ¹ ²:

- *Digital Asset Definitions*: Clearly categorizing digital assets as securities or commodities to avoid confusion

- *Regulatory Oversight*: Assigning roles to SEC and CFTC based on asset type, reducing jurisdictional disputes

- *Registration Requirements*: Crypto businesses must register with CFTC or SEC, depending on asset classification

- *Safe Harbor Provision*: Allowing projects to raise up to $75 million annually without SEC registration if blockchain aims to become decentralized

- *Anti-Money Laundering*: Expanding AML rules to include crypto entities and promoting international cooperation

The act passed the House of Representatives but still needs Senate approval and the President's signature to become law ².