#CryptoClarityAct 🚨 U.S. Senate Moves Forward With Crypto Clarity 🇺🇸
0-2Senate Republicans—led by Sen. Tim Scott and Sen. Cynthia Lummis—have unveiled a draft bill, building on the House‑passed Digital Asset Market Clarity Act (CLARITY Act), aimed at delivering clear, tailored rules for digital assets by September 30. It introduces the concept of “ancillary assets” to better define non-security tokens and aims to bridge the SEC/CFTC regulatory gap .
631-0After the House voted in favor of the CLARITY Act with strong bipartisan support—294 to 134—the bill now awaits Senate debate . 797-0All three major crypto measures (CLARITY, GENIUS for stablecoins, and Anti‑CBDC) passed the House last week .
Why it matters:
✅ Establishes clear definitions for digital securities vs. commodities
📌 Allocates jurisdiction: CFTC to oversee commodities, SEC handles securities
🛡️ Introduces a safe harbor for gradual decentralization
940-3🧾 Sets foundational custody, proof‑of‑reserves, and anti‑fraud protections
This isn’t just policy—it’s a potential game‑changer for investor trust, startup momentum, and U.S. leadership in crypto. The next stop? The Senate floor.
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