#CryptoClarityAct

Crypto Clarity Act (CLARITY Act)** as of July 2025:

The **CLARITY Act**, passed by the House on **July 17 (294–134 vote)**, defines crypto asset classifications, splitting oversight between the **CFTC (for decentralized tokens like BTC/ETH)** and the **SEC (for securities-like assets)**. It introduces **registration pathways, AML/KYC rules, and exemptions for small issuers** while blocking state-level interference. Critics warn of **SEC authority gaps**, but supporters hail it as a milestone for U.S. crypto leadership. The bill now moves to the **Senate**, targeting passage by **September 30**, alongside the signed **GENIUS Act** (stablecoin regulation).