According to Cointelegraph, U.S. Representative French Hill has introduced the "Digital Asset Market Clarity Act of 2025," also known as the "CLARITY Act of 2025." This much-anticipated bill has garnered bipartisan support, including backing from three Democrat co-sponsors. The legislation aims to clarify the roles of the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets, addressing longstanding uncertainties about regulatory jurisdiction.
Hill expressed pride in introducing the bipartisan CLARITY Act alongside his colleagues, emphasizing that the bill seeks to bring much-needed clarity to the digital asset ecosystem. The legislation prioritizes consumer protection and American innovation, building on efforts from the 118th Congress. The CLARITY Act mandates developers to provide accurate and relevant disclosures about a project's operation, ownership, and structure, ensuring transparency and accountability.
Additionally, the bill sets forth new compliance requirements for customer-facing firms, such as brokers and dealers. These requirements include clear disclosures to customers, segregation of customer assets from company funds, and the mitigation of conflicts of interest through stringent registration, transparency, and operational standards. As this is a developing story, further updates will be provided as more information becomes available.