#CryptoClarityAct The Crypto Clarity Act, also known as the CLARITY Act, is a proposed law in the United States aimed at providing regulatory clarity for the cryptocurrency industry. Here are some key aspects of the act ¹ ² ³:

- *Purpose*: The CLARITY Act seeks to define the regulatory framework for digital assets, determining whether they are securities or commodities, and assigning oversight to either the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).

- *Key Provisions*:

- *Digital Commodity Definitions*: The act defines "digital commodities" as assets linked to blockchain systems, excluding securities, stablecoins, and NFTs.

- *Regulatory Authority*: The CFTC would have primary oversight of digital commodities, while the SEC would retain oversight of securities.

- *Provisional Registration*: The act introduces a provisional registration system for exchanges, brokers, and custodians, allowing them to operate while finalizing compliance.