#CryptoClarityAct The #CryptoClarityAct (Crypto Clarity Act) is a proposed U.S. legislation aimed at clarifying the regulatory framework for digital currencies, particularly regarding their classification: Are they securities or commodities?

📌 Main Objective:

To prevent conflict and ambiguity between regulatory bodies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

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📘 Key Points in Brief:

1. Clear definition of digital asset: It specifies when a digital currency is considered a "security" and when it is a "digital commodity."

2. Protection for projects: If the currency is decentralized enough, it is not considered a security and thus is not subject to SEC laws.

3. Grace Period: New currency projects are given a period to become decentralized without facing legal action.

4. Encouraging blockchain innovation within the United States by reducing regulatory ambiguity.

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🏛 Who proposed it?

It was introduced by Representative Thomas Massie and is supported by several lawmakers who want to reduce government intervention in digital currencies.

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✅ Benefits for investors and projects:

Reducing the risks of legal action.

Facilitating the listing of currencies on exchanges.

Supporting innovation and clarity in the American market.

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If you want to summarize it in one sentence:

> "The Crypto Clarity Act provides digital currencies with legal clarity, supporting innovation and protecting users from conflicting regulatory authorities."