《 Clarity Act》旨在將加密資產定義為證券或商品

美國眾議院金融服務委員會已正式提出《 Clarity Act》，這是一項提高數字資產領域的監督和透明度的法案。

The US House of Representatives Financial Services Committee has advanced the Clarity, Responsibility, and IncUnoperability in cryptocurrency legislation to the House floor with a vote of 32 to 19 on Saturday.

美國眾議院金融服務委員會在周六以32票對19票的票數提高了加密貨幣立法的清晰，責任和尚無無法進行的。

The bill, which is officially titled "the Crypto-Logically Addressing Regulatory Inconsistencies and Transparency for You (CLARITY) Act," aims to streamline and enhance oversight of digital assets by establishing clear criteria for classifying tokens as securities or commodities.

該法案正式標題為“對您的監管不一致和透明度（CLARITY）法案的涉及加密貨幣邏輯，旨在通過建立將代幣分類為證券或商品的明確標準來簡化和增強對數字資產的監督。

The legislation also introduces safe harbor provisions for innovators, imposes stricter Know Your Customer (KYC) and Anti-Money Laundering (AML) rules, and mandates increased operational standards for cryptocurrency exchanges and issuers to mitigate the risk of fraud.

該立法還引入了有關創新者的安全港規定，施加更嚴格的了解您的客戶（KYC）和反洗錢（AML）規則，並要求提高加密貨幣交易所的運營標準和發行人來減輕欺詐風險。

Earlier this week, the House Agriculture Committee voted 47 to 6 in favor of advancing the bill.

本週早些時候，眾議院農業委員會以47票對6票投票支持該法案。

The bill, introduced by Representative French Hill (R-AR), focuses on bridging the gaps between existing regulatory agencies—particularly the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)—while providing market participants with more explicit rules for token classification, reporting requirements, and compliance obligations.

該法案由代表法國山（R-AR）提出，重點是彌合現有監管機構之間的差距，尤其是證券交易委員會（SEC）和商品期貨交易委員會（CFTC），這為市場參與者提供了更明確的分類，報告要求，報告要求和合規性願望的更明確的規則。

"This legislation gives entrepreneurs and innovators the clarity they’ve been demanding and helps protect consumers from bad actors exploiting regulatory uncertainty," said Hill, the chair of the Subcommittee on Digital Assets, Financial Technology, and Inclusion, in a statement. "It also builds on existing federal programs to ensure digital asset service providers are subject to the same KYC/AML requirements as other financial institutions."

希爾在一份聲明中說：“這項立法為企業家和創新者提供了他們一直要求的清晰度，並有助於保護消費者免受監管不確定性的不良行為者。” “它還以現有聯邦計劃為基礎，以確保數字資產服務提供商受到與其他金融機構相同的KYC/AML要求。”

The bill arose from a bipartisan effort to create a comprehensive regulatory framework for cryptocurrencies following years of piecemeal guidance from U.S. regulators.

該法案源於兩黨在美國監管機構經過多年的零碎指導之後，為加密貨幣創建全面的監管框架。

The bill proposes a multi-agency process for classifying a digital asset as a security, commodity, or financial instrument, taking into account factors such as the token's purpose, utility, and governance structure.

該法案提出了一個多機構流程，以將數字資產分類為安全，商品或金融工具，以考慮令牌的目的，公用事業和治理結構等因素。

This classification would involve a joint review by the SEC and CFTC, aiming to avoid overlapping enforcement actions and ensure consistent regulatory outcomes.

該分類將涉及SEC和CFTC的聯合審查，旨在避免重疊的執法行動並確保一致的監管結果。

Moreover, the legislation mandates that projects issuing tokens must submit detailed disclosures about their business models, token economics, and risk factors—similar to traditional public offerings.

此外，立法規定，發行代幣的項目必須提交有關其業務模式，代幣經濟學和風險因素的詳細披露，這與傳統的公共產品相似。

The goal is to provide investors with sufficient information to make informed investment decisions and mitigate the potential for scams or fraudulent activities.

目的是為投資者提供足夠的信息，以做出明智的投資決策，並減輕騙局或欺詐活動的潛力。

The bill also introduces safe harbor provisions for developers and startups, allowing new crypto projects to build and launch under a grace period before being subject to full regulatory scrutiny—provided they meet specific transparency criteria and act in good faith.

該法案還為開發商和初創公司介紹了安全港的規定，允許新的加密項目在寬限期內建立和發射，然後受到全面的監管審查，並提供了符合特定的透明度標準並真誠地行事。

This provision, supporters say, is crucial for fostering innovation and attracting talent to the U.S. in the face of increasing global competition in the digital asset space.

支持者說，這項規定對於促進創新和吸引人才至關重要，面對數字資產領域的全球競爭。

“We’re pleased the House Financial Services Committee recognized the need to advance the CLARITY Act, especially given the Senate's failure to act on any meaningful crypto legislation this Congress,” said Kristin Smith, CEO of the Blockchain Association. “This bill represents meaningful progress and will create a more competitive financial services industry in the U.S., which is something both parties should agree on.”

區塊鏈協會首席執行官克里斯汀·史密斯（Kristin Smith）表示：“我們很高興眾議院金融服務委員會意識到有必要提高《清晰法》，特別是考慮到參議院未能對本次國會的任何有意義的加密立法採取行動。” “該法案代表了有意義的進步，並將在美國創建一個更具競爭力的金融服務行業，這是雙方都應該同意的。”

The legislation also mandates that all digital asset service providers, including exchanges and issuers, implement robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures according to federal guidelines.

該立法還規定，根據聯邦準則，所有數字資產服務提供商，包括交流和發行人都實施了強大的了解您的客戶（KYC）和反洗錢（AML）程序。

These measures are designed to align digital asset service providers with traditional financial institutions and ensure compliance with international standards for combating financial crime.

這些措施旨在使數字資產服務提供商與傳統金融機構保持一致，並確保遵守打擊金融犯罪的國際標準。

The bill's passage comes amid growing pressure on Congress to intervene in the regulatory sphere as the SEC intensifies its crackdown on crypto firms. Earlier this year, the Senate Banking Committee held several sessions to discuss a potential crypto bill, but no legislation ultimately advanced.

隨著SEC加劇對加密貨幣公司的鎮壓，國會對國會進行干預的壓力越來越大，該法案的通過越來越大。今年早些時候，參議院銀行委員會舉行了幾次會議，討論了一項潛在的加密法案，但最終沒有立法提出。

The House lawmakers' vote to advance the bill signals a potential shift in the legislative landscape. However, the bill still faces an uncertain path to passage. It must be voted on by the full House of Representatives and then pass the Senate before being sent to President Biden's desk to be signed into law.

眾議院議員的投票表明該法案標誌著立法環​​境的潛在轉變。但是，該法案仍然面臨著不確定的通行途徑。必須由全眾議院對其進行投票，然後通過參議院，然後被送往拜登總統的辦公桌以簽署為法律。