#CryptoClarityAct The Digital Asset Market CLARITY Act (often shortened to the "Clarity Act") is a landmark bipartisan bill (H.R. 3633) passed by the U.S. House during “Crypto Week” in mid-July 2025. It aims to resolve long‑standing regulatory confusion by clearly defining which digital assets are commodities versus securities—delegating most to the CFTC while allowing the SEC to oversee certain investment‑contract tokens and stablecoins . The Act introduces new categories—such as "digital commodity exchanges," brokers, and dealers—enables a pathway for token issuers to raise funds under specific conditions, and mandates joint rulemaking between SEC and CFTC to streamline oversight . Supporters highlight its value for fostering innovation and investor protection, while critics—especially from Democratic leadership—worry it may weaken SEC authority and open the door for big‑tech token issuance with less oversight .