#CryptoClarityAct The Crypto Clarity Act, introduced by Representative French Hill, aims to bring regulatory clarity to the digital asset space by defining the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing cryptocurrencies. The Act proposes a comprehensive framework for digital asset markets, establishing clear guidelines for registration, disclosure, and compliance requirements. Key provisions include:

- *Digital Asset Classification*: Distinguishing between digital commodities and securities, with the CFTC overseeing commodities and the SEC regulating securities.

- *Registration Requirements*: Crypto platforms would register with either the CFTC or SEC, depending on the type of assets handled.

- *Consumer Protection*: Enhanced disclosure and compliance requirements to protect investors and maintain market integrity.

- *Decentralized Finance (DeFi)*: Clearer guidelines for DeFi, including rules for secondary market trading and self-custody rights.

- *Stablecoin Regulation*: Stablecoins would be treated as commodities for trading purposes, with prudential regulation for issuers under separate statutes.

The Act has gained bipartisan support in the House, but its future in the Senate remains uncertain due to concerns about regulatory oversight and investor protection.