#CryptoClarityAct The Crypto Clarity Act—formally the Digital Asset Market Clarity Act of 2025 (H.R. 3633)—passed the U.S. House on July 17, 2025, with a bipartisan vote of 294–134 . It now moves to the Senate and then to the President for signature .
---
🔍 What It Does
1. Defines asset categories clearly – differentiates “digital commodities” vs. securities and directs oversight accordingly .
2. Regulatory allocation:
CFTC takes the lead on spot digital commodities via new categories like commodity exchanges, brokers, and dealers .
SEC retains oversight where digital assets are sold via investment contracts or deemed securities .
3. Dual registration & cooperation – CLEARS a joint SEC–CFTC framework with MOUs and simplified dual registration .
4. Anti‑fraud authority – both regulators empowered to bring antifraud actions across digital commodity and stablecoin markets .
5. Market structure & AML rules – applies Bank Secrecy Act regulations and clarifies rules for trading platforms .
---
⚖️ Why It Matters
Regulatory clarity: Resolves long-standing ambiguity over whether crypto tokens are securities or commodities .
Encourages innovation: Market participants say the framework "protects consumers, incentivizes builders/investors, and keeps crypto in the U.S." .
Investor impact: Bitcoin surged to record highs in response; companies like Coinbase and Galaxy Digital could benefit .
Critic concerns: Some watchdogs warn it may be even less protective than last year’s FIT21, potentially increasing fraud and systemic risk .
---
🧭 Current Status & Outlook
Stage Description
Senate Released a 35-page draft reflecting House CLARITY legislation; includes clarifications on ancillary assets and SEC sandbox provisions .
Hearings Senate Banking Committee held hearings; now seeking public feedback .
Path forward Expected to be debated this summer or fall, aiming for final passage and implementation next year. Senate leaders like Cynthia Lummis & Tim Scott support it .
