#USCryptoWeek

Washington is finally trying to stop playing Calvinball with crypto law. The CLARITY Act proposes a simple fix to carve digital assets into three categories: commodities, securities, and stablecoins, and assign each to the right agency.

It’s a strategy meant to kill the ambiguity that’s made the U.S. a regulatory minefield for crypto firms.

For instance, BTC ▲1.61%, classified as a “digital commodity,” would come under the CFTC’s jurisdiction, while tokens resembling traditional securities would remain with the SEC.

Additionally, a dual-track registration system is set to provide more flexibility for crypto platforms to register with the relevant agency.