As head of the SEC, Gary Gensler launched enforcement actions against crypto firms like Coinbase and Binance.

The CLARITY Act aims to codify into law the distinction between which digital assets are securities and which are commodities.

Bb5a31f81Claim

The CLARITY Act specifies that a new, centralized crypto token is regulated by the SEC as a security.

Bb5a31f81Claim

The bill designates that once a token meets certain decentralization thresholds, it is overseen by the CFTC as a commodity.

Bb5a31f81Claim

The bill would introduce mandatory lockup requirements for certain crypto assets.

Bb5a31f81Claim

Under the CLARITY Act, federally registered crypto exchanges would be subject to mandatory audits and surveillance.

Bb5a31f81Claim

The previous administration's approach to crypto was described as "anarcho-tyranny," punishing compliant actors while non-compliant ones operated freely.

Bb5a31f81Claim

If the CLARITY Act does not pass, the crypto industry will continue to operate in a state of regulatory uncertainty.

Bb5a31f81Claim

The US crypto industry needs a stable, permanent regulatory structure similar to what exists for stocks and bonds.

Bb5a31f81Claim

Currently, there is no single federal regulator for crypto exchanges in the United States.

Bb5a31f81Claim

The CLARITY Act is reportedly the first bill in U.S. history to regulate an industry while also adding specific ethics provisions for government officials.

Bb5a31f81Claim

The lack of a clear U.S. regulatory framework allowed offshore crypto companies to operate without oversight, contributing to failures like FTX.

Bb5a31f81Claim

The CLARITY Act would grant the SEC and the CFTC oversight over crypto exchanges.

Bb5a31f81Claim

Regulatory gray areas in an industry can create a "race to the bottom" that favors bad actors.

Bb5a31f81Claim

A clear regulatory framework is intended to prevent catastrophic failures like the collapse of FTX.

Bb5a31f81Claim

The Fraternal Order of Police, the largest law enforcement organization in the U.S., has endorsed the CLARITY Act.

Bb5a31f81Claim

The CLARITY Act would add disclosure requirements for crypto asset holdings and associated risks.

Bb5a31f81Claim

As head of the SEC, Gary Gensler launched enforcement actions against crypto firms like Coinbase and Binance.

The Biden administration took actions to remove crypto entrepreneurs from the banking system

New York State has filed a lawsuit against the prediction market company Polymarket

The lawsuit from New York State alleges that Polymarket operates an illegal gambling operation

The CLARITY Act aims to codify into law the distinction between which digital assets are securities and which are commodities.

The CLARITY Act specifies that a new, centralized crypto token is regulated by the SEC as a security.

The bill designates that once a token meets certain decentralization thresholds, it is overseen by the CFTC as a commodity.

The bill would introduce mandatory lockup requirements for certain crypto assets.

Under the CLARITY Act, federally registered crypto exchanges would be subject to mandatory audits and surveillance.

The previous administration's approach to crypto was described as "anarcho-tyranny," punishing compliant actors while non-compliant ones operated freely.

If the CLARITY Act does not pass, the crypto industry will continue to operate in a state of regulatory uncertainty.

The US crypto industry needs a stable, permanent regulatory structure similar to what exists for stocks and bonds.

Currently, there is no single federal regulator for crypto exchanges in the United States.

The CLARITY Act is reportedly the first bill in U.S. history to regulate an industry while also adding specific ethics provisions for government officials.

The lack of a clear U.S. regulatory framework allowed offshore crypto companies to operate without oversight, contributing to failures like FTX.

The CLARITY Act would grant the SEC and the CFTC oversight over crypto exchanges.

Regulatory gray areas in an industry can create a "race to the bottom" that favors bad actors.

A clear regulatory framework is intended to prevent catastrophic failures like the collapse of FTX.

The Fraternal Order of Police, the largest law enforcement organization in the U.S., has endorsed the CLARITY Act.

The CLARITY Act would add disclosure requirements for crypto asset holdings and associated risks.

The CLARITY Act applies the same anti-money laundering and Treasury rules to crypto intermediaries that exist in other financial markets.