Your crypto investments could soon be impacted by a new US bill aiming to clarify regulations. You'll learn how this proposed legislation could redefine digital assets and shift power among regulators.
The US House Financial Services Committee recently advanced the CLARITY Act, a bill designed to establish clear regulatory definitions for digital assets. This bipartisan effort aims to end the ongoing debate over whether cryptocurrencies are securities or commodities.
Historically, the SEC (Securities and Exchange Commission) has largely viewed most tokens as securities, while the CFTC (Commodity Futures Trading Commission) has asserted jurisdiction over certain digital assets like Bitcoin and Ethereum.