The Digital Asset Market CLARITY Act is a legislative proposal aimed at establishing a clear regulatory framework for distinguishing between digital commodities and securities.

Claim

Quotes that support claims

The CLARITY Act is meant to answer the question of who should be in charge of watching over the digital space. It draws the line between what counts as a digital commodity and what counts as a security.
The bill would create a clear regulatory framework for crypto in part through designating how the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission will regulate.