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Landmark Crypto Legislation Introduced in Congress—CLARITY Act Ushers in Golden Age

  • On May 29, 2025, the US House of Representatives proposed new legislation designed to establish a clearer regulatory framework for digital assets.
  • Lawmakers proposed the bill to resolve regulatory confusion by defining digital assets and establishing oversight between the SEC and CFTC.
  • The CLARITY Act distinguishes investment contract assets from securities and sets a voluntary 'mature blockchain system' standard with relaxed rules.
  • Rep. French Hill stated that the legislation provides much-needed transparency in the digital asset space while emphasizing the importance of safeguarding consumers and fostering innovation within the United States.
  • The legislation aims to protect consumers, foster innovation, transfer most crypto regulation to the CFTC, and is scheduled for committee markup on June 10, 2025.
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oklahomafarmreport.com broke the news in on Thursday, May 29, 2025.
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