$BNB The CLARITY Act, passed by the U.S. House on July 17, 2025 (294–134), established the first unified federal framework distinguishing between digital assets treated as commodities or securities . It defines “digital commodities” vs. “investment contract assets,” assigns oversight responsibilities to the CFTC or SEC based on asset characteristics, and sets certification rules for mature decentralized blockchains (e.g., limiting insider ownership and enforcing open governance) . The bill also enables token issuers to raise up to $75 million under streamlined disclosure requirements, while exempting many DeFi actors from unnecessary registration.

This legislation aims to reduce market uncertainty, encourage institutional participation, and support innovation by clearly carving out regulatory territory for digital assets in the U.S.