The Clarity Act in the US has been dragging along for months due to an impasse between US banks and leaders from the crypto industry over a few details of the bill. The White House has been attempting to broker discussions between the two sectors, without resolution.

The main problem the bill aims to solve is regulatory confusion. Two regulators, the Securities & Exchange Commission and the Commodity Futures Trading Commission, have been claiming authority over crypto, often without clear rules. At the moment, it’s unclear who’s in charge or what the law actually says. The Clarity Act aims to fix that by drawing a line around who regulates what, and the actual legislation.

South Africa is fortunate to have a financial regulator that…