#CryptoClarityAct

The Digital Asset Market CLARITY Act of 2025 (H.R. 3633), passed by the U.S. House on July 17, 2025, aims to bring solid regulatory structure to digital assets . It draws jurisdictional lines between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) based on asset type and functionality .

Key elements include:

Asset classification: “Digital commodities”—decentralized assets like Bitcoin and Ethereum—will be under CFTC oversight, whereas “restricted digital assets” (investment contracts and tokens with profit rights) remain under the SEC .

Clear definitions in existing laws (Securities Act, Exchange Act, Commodity Exchange Act) and a self-certification route for asset issuers to clarify status .

Registration and compliance: Platforms handling digital commodities must comply with tailored broker, dealer, and exchange requirements, plus enhanced disclosures, customer protection, and segregated accounts .

Safe-harbor provisions: Issuers that self-credential based on blockchain maturity get provisional status, with oversight contingent on disclosure and CFTC/SEC review .

House advocates emphasize that CLARITY will foster innovation, improve consumer safeguards, and bolster U.S. leadership in fintech . Critics, including Consumer Reports, warn it may push many tokens out of SEC oversight simply by labeling them commodities .

Now the legislation is awaiting Senate and presidential approval. Meanwhile, the Senate Banking Committee has released its own market-structure draft this week, indicating ongoing development and potential reconciliation by later this year .