Spot trading, brokerage, and custody of digital commodities would move to exclusive Commodity Futures Trading Commission (CFTC) supervision, while the proposal maintains dual oversight for hybrid products that combine securities.
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Bipartisan lawmakers roll out CLARITY Act, shift crypto spot rule to CFTC
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CLARITY Act assigns the Securities and Exchange Commission (SEC) regulatory authority over digital asset securities and hybrid products combining securities and commodities
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CLARITY Act grants the Commodity Futures Trading Commission (CFTC) regulatory jurisdiction over majority of crypto activity
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