#CryptoClarityAct The CLARITY Act, or Digital Asset Market Clarity Act of 2025, is a landmark bill aimed at providing regulatory clarity for the cryptocurrency industry in the US. It was passed by the House of Representatives with a 294-134 vote and now heads to the Senate for review ¹.

*Key Provisions:*

- *Defines Digital Assets*: Establishes clear definitions for digital assets, including "digital commodities" and "permitted payment stablecoins".

- *Regulatory Oversight*: Splits regulatory authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), depending on the type of digital asset.

- *Digital Commodities*: CFTC will oversee digital commodities, including spot transactions, while the SEC retains antifraud authority.

- *Permitted Payment Stablecoins*: These stablecoins will be subject to a tailored dual-oversight regime, with primary oversight by the CFTC and antifraud authority retained by the SEC.

- *Investment Contract Assets*: Clarifies the treatment of investment contract assets, allowing certain tokens to be treated as commodities if they meet specific criteria.

- *Registration Requirements*: Mandates registration for digital asset exchanges, brokers, and dealers with the CFTC or SEC, depending on the type of asset ² ³.

*Impact:*

- *Regulatory Clarity*: Provides much-needed clarity for the crypto industry, enabling businesses to operate with more predictability and confidence.

- *Institutional Investment*: May encourage greater institutional participation in the crypto market, as compliance frameworks become clearer and more stable.

- *Innovation*: Positions the US as a leader in digital finance, potentially driving innovation and growth in the sector ⁴.

*Challenges:*

- *Senate Review*: The bill's future in the Senate is uncertain, with some lawmakers expressing concerns about reduced SEC authority and potential risks to investor protection.