Can the CLARITY Act Still Save Crypto

The CLARITY Act aims to resolve the long-standing uncertainty in the crypto industry regarding regulation by defining jurisdictional lines between the SEC and the CFTC. The bill specifies that genuinely decentralized assets like Bitcoin will be regulated as commodities, while tokens sold to fund a central team will be considered securities. It also outlines a pathway for projects to transition to commodity status based on decentralization criteria. Despite significant bipartisan support in the House, prediction markets show reduced odds of its passage before the summer recess, raising concerns that failure to pass by August could delay critical crypto legislation until 2030.

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