The crypto industry may be approaching a defining regulatory moment as U.S. lawmakers advance discussions around the CLARITY Act, a proposal designed to bring long-awaited structure to digital asset oversight.

For years, uncertainty has shaped how crypto companies operate in the United States. Ongoing turf battles between the Securities and Exchange Commission and the Commodity Futures Trading Commission have left firms navigating an unclear system, where the same asset could be viewed as a security in one context and a commodity in another.

The CLARITY Act aims to resolve this ambiguity by defining regulatory jurisdiction and establishing clearer rules for market participants. At a time…

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