If you’ve been scrolling past crypto headlines wondering what the CLARITY Act actually is, here’s the quick version, straight from Fundstrat’s Tom Lee.

What it actually does

Right now, crypto in the US doesn’t have one clear rulebook. The CLARITY Act would fix that by creating a single national body to oversee it, the CFTC. That matters more than it sounds like it should.

Here’s why. Big banks and asset managers want to build stablecoin systems and put real-world assets on the blockchain. But if every state gets to set its own crypto rules, companies get nervous fast. Nobody wants to build a nationwide product only to find out Texas and New York disagree on how it should work.

Who’s actually backing it

This isn’t a fringe…