#CryptoClarityAct

House Passage: On July 17, 2025, the U.S. House passed the Digital Asset Market CLARITY Act (H.R. 3633) by a bipartisan vote of 294–134. It now heads to the Senate .

Market Structure Focus: The bill establishes clear definitions for “digital commodities” versus “restricted assets,” assigns primary oversight to the CFTC (with limited SEC jurisdiction), sets decentralization thresholds, and includes provisions for trade monitoring, asset segregation, AML compliance, and a provisional registration regime .

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🧭 Senate Developments

Discussion Draft: On July 22, the Senate Banking Committee released a draft bill that builds on the CLARITY Act, refining areas like "ancillary asset" definitions, adding Regulation DA–type exemptions, and proposing new SEC rules and token‑offering frameworks .

Stakeholder Engagement: Senators Lummis, Scott, Hagerty, and Moreno are seeking feedback from industry participants to shape the next version .