Friends, we are witnessing an unprecedented moment in American financial history—the Digital Asset Market Clarity Act, also known as the CLARITY Act, is accelerating through Congress. This is not just legislation; it’s a constitution for the new digital era. For a long time, our regulators have been “regulating through enforcement,” leaving innovators to stumble in the fog and investors to face risks exposed. Today, a new chapter begins.
The CLARITY Act makes a historic distinction: the Commodity Futures Trading Commission will have exclusive jurisdiction over truly decentralized digital commodities like Bitcoin and Ethereum; meanwhile, the Securities and Exchange Commission will continue to oversee assets issued through investment contracts. More importantly, it recognizes the unique properties of public blockchains and DeFi, providing a clear compliance pathway for digital commodities on mature blockchains. Some critics say this is overregulation, but we must ask: should we push innovation overseas, causing the U.S. to lose its leadership in the next generation of financial infrastructure, or should we establish rules now and take control of the future?
The White House has set a deadline, and the deadlock in the Senate is breaking. Billions of dollars in institutional capital are on the sidelines, waiting for the signal that rules are coming. Let’s support the CLARITY Act and pave a clear, bright path toward the future of digital dollars!
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Friends, we are witnessing an unprecedented moment in American financial history—the Digital Asset Market Clarity Act, also known as the CLARITY Act, is accelerating through Congress. This is not just legislation; it’s a constitution for the new digital era. For a long time, our regulators have been “regulating through enforcement,” leaving innovators to stumble in the fog and investors to face risks exposed. Today, a new chapter begins.
The CLARITY Act makes a historic distinction: the Commodity Futures Trading Commission will have exclusive jurisdiction over truly decentralized digital commodities like Bitcoin and Ethereum; meanwhile, the Securities and Exchange Commission will continue to oversee assets issued through investment contracts. More importantly, it recognizes the unique properties of public blockchains and DeFi, providing a clear compliance pathway for digital commodities on mature blockchains. Some critics say this is overregulation, but we must ask: should we push innovation overseas, causing the U.S. to lose its leadership in the next generation of financial infrastructure, or should we establish rules now and take control of the future?
The White House has set a deadline, and the deadlock in the Senate is breaking. Billions of dollars in institutional capital are on the sidelines, waiting for the signal that rules are coming. Let’s support the CLARITY Act and pave a clear, bright path toward the future of digital dollars!