Bipartisan lawmakers roll out CLARITY Act, shift crypto spot rule to CFTC
House Financial Services Committee Chairman French Hill introduced the Digital Asset Market Clarity Act on May 29, a bipartisan measure that would place most cryptocurrencies under a unified federa...
Source: CryptoSlate
House Financial Services Committee Chairman French Hill introduced the Digital Asset Market Clarity Act on May 29, a bipartisan measure that would place most cryptocurrencies under a unified federal regime and draw clear lines between securities law and commodity oversight. The 249-page bill defines “digital commodity,” “investment-contract asset,” “mature blockchain system,” and “permitted payment stablecoin.” […]