#CryptoClarityAct
It is a proposed bill in the United States aimed at:
Determining whether cryptocurrencies are securities or not.
Providing a clear legal framework for companies and investors in the crypto market.
Reducing the conflict and ambiguity in the dealings of regulatory bodies (such as the SEC and CFTC) with cryptocurrencies.
🎯 Objectives of the law:
Protecting investors from fraud and deception.
Stimulating innovation in the crypto sector within the United States.
Ending the regulatory uncertainty that harms market growth.
⚖️ Why does this law matter?
Because the lack of legal clarity has driven many crypto companies:
To flee outside of America.
Or to encounter legal issues with the Securities and Exchange Commission (SEC).
