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NEGATIVE Money in Politics & Finance 119th Congress

H.R.3633 Crypto Market Structure Bill (CLARITY Act)

exempting up to $50 million a year in crypto token sales from SEC registration and moving many tokens to CFTC oversight (119th Congress)

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Lets crypto projects raise up to $50 million a year without SEC registration and the disclosures it requires, and moves oversight of many tokens to the CFTC. Exchanges may use customers' crypto outside segregated accounts with written consent, which removes its bankruptcy protection. State securities regulators opposed the bill as a limit on their authority to pursue crypto fraud.