$BNB The "Crypto Clarity Act" is a proposed legislative initiative in the United States aimed at clarifying the laws and regulations related to digital currencies, particularly whether they are considered Securities or not. Here are the key points:

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🔍 What is the goal of the law?

To determine whether the digital currency is a "security" or a "commodity" or something else.

To provide legal clarity for crypto companies and investors to avoid disputes and ambiguity with regulatory bodies such as the SEC and CFTC.

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⚖️ Who is behind this law?

U.S. Congressman Tom Emmer has been one of the prominent supporters of this initiative.

It came in response to the legal confusion arising after high-profile cases such as Ripple vs SEC.

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📌 Key points in the law:

1. Clearly defining digital currencies: Are they securities or not?

2. Protecting decentralized projects from being accused of offering securities without registration.

3. Encouraging innovation within the United States instead of pushing it abroad due to unclear regulations.