The “Crypto Clarity Act” (officially the Digital Asset Market Clarity Act of 2025) recently passed the U.S. House on July 17, marking a major legislative milestone .
It creates a clear framework by defining digital assets—like mature, decentralized blockchain tokens—as commodities, regulated by the CFTC, while classifying investment‑contract tokens as securities under the SEC .
The Act also allows projects to raise up to $75 million annually without full SEC registration, mandates platform registration with either agency, and introduces anti‑money‑laundering safeguards .
The Senate is now reviewing the bill, with Republicans proposing a follow‑up package dubbed the “Responsible Financial Innovation Act,” which adds an “ancillary assets” token category and a new token‑sale exemption framework—but its path forward remains uncertain .
Overall, it brings welcome clarity, supports DeFi & self‑custody, and signals a more stable regulatory future—though final Senate passage will be the true test.
