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RE: LeoThread 2025-05-30 12:16

in LeoFinance4 months ago

Part 5/8:

In areas that have historically been the subject of dispute, including the regulation of custodians and decentralized finance (DeFi), the Clarity Act presents a new perspective. It distinctly opposes the SEC's previous attempts to compel custody firms to hold customer assets on their balance sheets. Instead, it establishes a new standard for what constitutes qualified digital asset custodians, regulated by the CFTC.

Deferred Issues and Timelines

While the bill provides a robust framework, certain issues such as DeFi and Non-Fungible Tokens (NFTs) are deferred for future studies. The SEC, CFTC, and the Treasury Department are tasked with reporting back on these sectors within a year, with the Government Accountability Office also required to prepare related reports.