Lawmakers in Washington are locked in debate over the CLARITY Act, a landmark crypto market structure bill that could reshape how digital assets are regulated in the United States. The legislation — formally titled the Crypto Legal Accountability, Registration, and Transparency for Investors Act (CLARITY) — seeks to define which crypto assets are securities, establish jurisdictional boundaries between federal regulators, and impose new consumer protections on exchanges and issuers.
According to CoinDesk, the CLARITY Act passed the House of Representatives earlier this month by a bipartisan margin of 308 to 122, reflecting a growing consensus in Congress that the U.S. needs clearer rules for the rapidly growing crypto sector. The bill would, for the first time, create statutory definitions for different classes of digital assets — distinguishing between digital commodities, digital securities, and payment tokens — and allocate oversight authority accordingly between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
