<ul><li>House Financial Services Committee Chairman French Hill introduced the Digital Asset Market Clarity (CLARITY) Act to establish a regulatory framework for digital assets in the United States.</li><li>The bill aims to protect consumers by requiring disclosures from developers and digital asset firms, segregating customer funds, and addressing conflicts of interest.</li><li>It will facilitate the development of digital asset projects by providing clear guidelines for fundraising under the SEC, and trading through intermediaries overseen by the CFTC.</li><li>The introduction of the CLARITY Act followed a partisan dispute during a bipartisan hearing on digital assets and is aimed at bringing regulatory clarity to the digital asset ecosystem in the U.S.</li></ul>

French Hill Introduces Bill to Bring Regulatory Clarity to Digital Assets

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