🏛️ Crypto Clarity Act — Quick Take

What it is: Formal title “Digital Asset Market Clarity Act,” the legislation approved by the House on July 17, 2025. It delineates regulatory authority between two major agencies—the SEC and CFTC—based on how digital assets function, not just how they were issued .

Key contents:

• Jurisdiction rules: The CFTC oversees “digital commodities,” while the SEC covers “restricted digital assets” .

• Provisional registration paths: Creates safe harbors and a temporary regulatory pathway while agencies finalize rules .

• Consumer protections: Mandates disclosures, segregates customer funds, addresses conflicts of interest, and tightens market#-structure provisions .

Where it stands: Passed the House 294–134; now pending# in the Senate, which has released its own parallel draft—the “Responsible Financial Innovation Act”—that follows a slightly different jurisdictional framework  . Senate feedback on these measures is open until August 5.#CryptoClarityAct