#CryptoClarityAct Possible objectives of the Crypto Clarity Act:
1. Clarification of terms: define what cryptocurrency, token, digital asset are, and distinguish them from securities.
2. Legal clarity: establish which crypto assets fall under the regulation of the SEC (Securities and Exchange Commission) and which under the CFTC (Commodity Futures Trading Commission).
3. Transparency for investors and developers: provide companies and projects with clear rules so they can operate within the legal framework without fear of sudden lawsuits from regulators.
4. Support for innovation: create conditions for the development of the crypto industry within the law.
5. Countering fraud and money laundering: including the introduction of KYC/AML standards.
