The CLARITY Act is a proposed law that seeks to provide clarity on the regulation of digital assets in the US. The act would differentiate between digital commodities such as Bitcoin and Ethereum, which would be treated as commodities under CFTC oversight, and securities, which would remain under SEC jurisdiction.
A recent hearing on tokenization brought together industry leaders from Wall Street and crypto, who agreed that tokenized securities should follow existing rules. The CLARITY Act has already passed the House with broad support and has backing from the White House.