The U.S. Congress is preparing to debate one of the most crucial crypto-related bills to date. The House Financial Services Committee has scheduled June 10 as the day it will mark up the CLARITY Act—a proposal that could establish the first comprehensive legal framework for digital assets in the United States.
🔹 The CLARITY Act (Clarifying Law Around Regulating and Identifying Token Yield) is designed to create a solid legal foundation for blockchain developers, exchanges, and DeFi protocols. It aims to set clear rules on who falls under regulatory oversight and how that oversight is enforced.
Crypto Industry Eyes a Breakthrough
Eight major blockchain advocacy groups are lobbying to include protections for DeFi developers in the bill—specifically those who do not custody customer funds. Their goal is to ensure these builders aren’t treated like traditional financial institutions under law.
The Financial Services Committee will meet at the Rayburn House Office Building in Washington to debate the bill’s language and propose amendments before the draft is formally introduced to the full House for a vote.
Industry and Lawmakers Show Rare Alignment – But the GENIUS Act Is the Wild Card
The CLARITY Act is widely supported across the crypto space. Stuart Alderoty, Chief Legal Officer at Ripple Labs, called it “a major step in the right direction” that could help the U.S. catch up to global crypto regulations.
The bill is also gaining bipartisan momentum in the Senate, where both Democrats and Republicans have shown interest in pushing forward regulatory clarity.
However, a critical factor remains: the GENIUS Act.
This stablecoin-focused bill needs to pass in tandem with CLARITY. Without GENIUS, the regulatory foundation for digital assets could remain incomplete. The Senate is expected to vote on GENIUS in the coming days, and the atmosphere around Capitol Hill is increasingly tense.
Both lawmakers and the crypto industry see GENIUS as a cornerstone for a functional digital asset framework.
The CLARITY Act represents one of the most serious legislative efforts yet to establish modern crypto regulations in the U.S.—and June 10 could mark a turning point for the entire industry.
#Regulation , #DigitalAssets , #defi , #Stablecoins , #CryptoCommunity
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