#CryptoClarityAct It aims to resolve long‑standing confusion over which federal agency—SEC or CFTC—regulates different types of crypto assets by introducing legal definitions and assigning oversight accordingly. The bill defines “digital commodities” (e.g. Bitcoin, Ethereum) for CFTC jurisdiction, while categorizing ICOs or tokenized securities as “investment contract assets” under SEC oversight. It also streamlines registration pathways for exchanges and intermediaries, strengthens anti‑money‑laundering safeguards, and clarifies protections for DeFi protocols and self‑custodial users.