The U.S. Senate is set to unveil the long-anticipated CLARITY Act next week, aiming to establish a stronger and clearer framework for regulating digital assets. The release of the bill will coincide with “Crypto Week,” scheduled for July 14–18, and seeks to address the legal uncertainty plaguing the U.S. crypto market.

🔍 What Does the CLARITY Act Propose?

The CLARITY (Clarity for Digital Tokens Act) legislation aims to clearly define the roles of the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission) in overseeing crypto markets. The goal is to eliminate ambiguity in asset classification and regulatory jurisdiction.

This bill could greatly benefit businesses and investors by providing legal clarity and a stable market environment.

🏛 Companion Bills: Anti-CBDC and GENIUS Act

CLARITY is not the only bill scheduled for discussion during Crypto Week. Two other key legislative proposals are on the table:

🔹 Anti-CBDC Surveillance State Act – aims to prevent the use of central bank digital currencies (CBDCs) for everyday retail transactions.

🔹 GENIUS Act – proposes a federal regulatory framework for stablecoins in the U.S.

While the Anti-CBDC and CLARITY bills are expected to be debated in the Senate, the GENIUS Act will go to a full House vote next week. If passed, it may be presented to President Trump for final approval.

🗣 Ripple CEO Urges Congress to Act

Ripple CEO Brad Garlinghouse has called on lawmakers to adopt “smart, clear, and targeted legislation” for digital assets. He emphasized that the CLARITY Act could provide much-needed legal certainty and help address widespread compliance concerns across the crypto industry.

Garlinghouse warned that continued regulatory ambiguity risks stifling innovation and driving businesses abroad.

⚖ Criticism from Senator Warren

Not all lawmakers are on board. Senator Elizabeth Warren has voiced concern that the bill might allow large corporations like Tesla and Meta to bypass SEC oversight through the tokenization of their assets.

🧾 Hearing on Crypto Tax Framework

On Wednesday, July 16, the House Ways and Means Oversight Subcommittee will host a public hearing focused on modernizing tax policy for cryptocurrencies.

Key issues expected to be addressed include:

🔹 Tax challenges related to crypto transactions

🔹 Aligning U.S. tax law with blockchain and DeFi technology

🔹 Rules for staking, mining, and lending digital assets

📈 Bitcoin Surges Ahead of Regulatory Talks

Amid expectations of upcoming reforms, Bitcoin has surged to a new all-time high. Traders and investors are positioning themselves in anticipation of regulatory clarity, which could finally bring trust, stability, and predictability to the rapidly evolving digital asset space.



#crypto , #Regulation , #US , #DigitalAssets , #bitcoin

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