The CLARITY Act explained: crypto market-structure rules and who regulates what
Congress has spent four years trying to answer a question that has cost the crypto industry billions of dollars in enforcement actions, legal fees, and regulatory uncertainty: which federal agency is actually in charge? The Digital Asset Market Clarity Act of 2025, known as the CLARITY Act, provides the first statutory answer.
Key Takeaways The CLARITY Act (H.R. 3633) passed the House 294-134 on July 17, 2025 and cleared the Senate Banking Committee on June 1, 2026; it sits on the Senate Legislative Calendar as Calendar No. 423, awaiting a floor vote as of July 2026. The bill assigns spot-market oversight of digital commodities to the CFTC and preserves SEC jurisdiction over tokens that funct…
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