The CLARITY Act lays a clear legal foundation for the cryptocurrency industry in the United States, preparing to enter the Senate and awaiting presidential approval.
With broad support from both parties, the bill promises to enhance user protection, promote innovation, and help the U.S. maintain its leading position in the global cryptocurrency sector.
MAIN CONTENT
The CLARITY Act clearly delineates the regulatory authority over cryptocurrencies between the SEC and CFTC.
Improvements in user protection and public information disclosure policies will be enhanced.
The bill faces criticism over its dual regulatory model and the lack of clarity regarding DeFi.
What is the CLARITY Act and what are its main objectives?
The CLARITY Act, introduced in May 2025, aims to clearly define the classification of digital assets as securities or commodities, while allocating regulatory responsibilities among government agencies.
Accordingly, the SEC will be responsible for regulating digital assets identified as securities, while the CFTC will oversee decentralized crypto markets and trading. The bill also proposes exemptions from oversight for DeFi projects and early-stage projects if they comply with transparency obligations.
"The bill will make cryptocurrency a core pillar of the U.S. economy and affirm the global leadership position of the United States in this dynamic industry."
Mike Johnson, Speaker of the U.S. House of Representatives, July 17, 2025
How does the CLARITY Act affect the market and users?
The biggest impact of the CLARITY Act is to create a transparent legal framework, helping cryptocurrency companies mitigate the risk of litigation due to ambiguous token classifications, as seen during the Biden administration. End-users are better protected thanks to transparency requirements from exchanges and projects.
The bill is expected to promote technological and business innovation in the crypto space, helping the U.S. avoid falling behind regions with clear cryptocurrency regulatory frameworks such as the European Union, Singapore, and the UAE.
What are the critiques and concerns surrounding the CLARITY Act?
Although the CLARITY Act enjoys bipartisan support, it also faces significant criticism. Timothy Massad, former Chairman of the CFTC (2025), noted that the dual regulatory model could be more confusing than clarifying in the rapidly developing cryptocurrency sector.
The consumer protection organization Americans for Financial Reform (AFR) remarked that the bill risks complicating DeFi oversight compared to last year's FIT21 law, especially for decentralized cryptocurrencies that already carry inherent fraud and hacking risks.
"The CLARITY Act has pushed the cryptocurrency industry's deregulatory agenda from bad to worse."
Americans for Financial Reform, July 2025 Report
"DeFi investors largely have to protect themselves, creating opportunities for fraud and crime to spread, negatively affecting even centralized exchanges."
Americans for Financial Reform, July 2025 Report
How will the CLARITY Act be handled next?
The CLARITY Act is currently awaiting Senate review before being presented to President Donald Trump for approval. The deadline for approval is set for September 2025. The final outcome will determine the direction and position of the United States in the global cryptocurrency race.
Frequently Asked Questions
What benefits is the CLARITY Act expected to bring to the cryptocurrency industry?
The bill helps clearly define the regulatory agency, enhances user protection, and promotes innovation, improving the competitive position of the United States on the international stage.
Who will be the regulatory body for cryptocurrencies under the CLARITY Act?
The SEC regulates cryptocurrencies considered as securities, while the CFTC oversees decentralized assets and trading in the cryptocurrency market.
Why do some experts oppose the CLARITY Act?
The dual oversight model can be confusing and unclear, especially with the rapidly developing DeFi space, increasing the risk of fraud and endangering investors.
What impact does the CLARITY Act have on individual cryptocurrency users?
Users will benefit from more transparent regulations from exchanges and projects, enhancing safety when trading and investing.
When is the expected time for the CLARITY Act to be approved?
The bill is under Senate review and is expected to be approved by the President before September 2025 if there are no major obstacles.
Source: https://tintucbitcoin.com/clarity-tac-dong-the-nao-tien-dien-tu/
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