The CLARITY Act seeks to resolve the regulatory ambiguity between the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) regarding digital assets in the United States. This federal statute aims to clearly delineate which agency regulates specific types of digital assets, such as digital commodities and securities, without altering state-level regulatory frameworks. The CFTC will oversee digital commodities and trading platforms, while the SEC will manage restricted digital assets and securities-like offerings. Michael Carbonara, a candidate for the U.S. House of Representatives, advocates for blockchain technology to enhance government transparency. He highlights the potential of blockchain to provide real-time visibility into government spending and campaign financing, thereby increasing accountability and reducing fraud. Carbonara emphasizes that blockchain can support institutional participation and compliance, provided it is implemented with clear regulations and privacy protections. Alec Beckman, vice president of growth at Psalion, notes that blockchain's role in government transparency is often misunderstood. He clarifies that while blockchain can improve auditability and trust, it requires a balance between openness and privacy. Initial adoption is expected in areas like government fund distribution and supply chain monitoring, where blockchain's benefits are clear and manageable.