On July 17, 2025, the U.S. House passed the Digital Asset Market Clarity Act commonly referred to as the #CryptoClarityAct with strong bipartisan support in a 294–134 vote. Introduced by Rep. French Hill, the bill aims to bring long-awaited regulatory certainty to the crypto industry by clearly defining the roles of the SEC and CFTC. It classifies digital assets as either securities or digital commodities, depending on their underlying structure and use. The legislation introduces a framework for “mature blockchains,” sets disclosure standards for token issuers, and establishes AML compliance requirements. Notably, decentralized finance (DeFi) protocols that meet rigorous criteria may be exempt from intermediary regulations. Supporters believe the Act will unlock institutional investment and reduce compliance confusion—benefiting firms like #coinbase and #GalaxyDigital .

However, critics, including Rep. Maxine Waters, argue the bill may prioritize industry interests over consumer protection. The Act now moves to the Senate, where a companion draft is already under discussion.