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For many years, there has been confusion about which government agency has authority over crypto assets. The CLARITY Act is designed to remove that confusion and provide a clear legal framework for digital asset markets.
Why Is the CLARITY Act Important?
Currently, two major U.S. regulators are involved in crypto oversight:
Securities and Exchange Commission (SEC)
Commodity Futures Trading Commission (CFTC)
Both agencies have claimed jurisdiction over different types of cryptocurrencies. This has created uncertainty for investors, exchanges, and crypto companies.
The CLARITY Act aims to clearly define which agency regulates which type of