TLDR

The House Financial Services Committee will hold a markup of the CLARITY Act on June 10.
The CLARITY Act aims to define digital assets and establish clear regulatory roles for federal agencies.
Lawmakers will debate the bill and propose amendments before it advances to the House floor.
Several crypto groups are pushing to include the Blockchain Regulatory Certainty Act in the bill.
The bill has received strong industry support for its attempt to provide uniform digital asset regulation.

The House Financial Services Committee will review the crypto market structure bill, known as the CLARITY Act, on June 10. This review marks a significant milestone as the bill advances toward formal consideration on the House floor. The committee will meet at the Rayburn House Office Building for the markup session.

Crypto Market Bill Faces House Markup

The committee scheduled the markup following bipartisan momentum and increasing regulatory focus on digital asset markets. The bill aims to establish a regulatory framework and define digital asset categories with clarity. Lawmakers expect to debate provisions and introduce amendments before the final text reaches the broader House.

During the markup, members will examine the scope of agency oversight outlined in the bill’s text. The crypto market structure bill proposes distinct roles for the Commodity Futures Trading Commission and the Securities and Exchange Commission. It also includes definitions for terms such as “digital commodity” and “digital security.”

🚨NEW: @FinancialCmte has officially scheduled a markup of the crypto market structure bill — the CLARITY Act — for Tuesday, June 10 at 10:00 AM EST alongside a handful of other bills.

Prepare for a marathon markup sesh! 🏃‍♀️ pic.twitter.com/qx6br4hJN9

— Eleanor Terrett (@EleanorTerrett) June 5, 2025

This process is key for refining legislation that seeks to close regulatory gaps in digital finance. Although the CLARITY Act has gained support, it still depends on related legislation moving forward. The bill’s progress aligns with growing pressure to regulate the crypto space effectively.

Crypto Groups Push for Bill Expansion

Eight digital asset advocacy groups are actively lobbying for additions to the current text of the CLARITY Act. These groups propose that the Blockchain Regulatory Certainty Act be included to shield decentralized finance developers from undue regulatory burden. They argue that developers without custody of funds should not be classified as financial intermediaries.

Industry participants have welcomed the crypto market structure bill as a necessary regulatory step for broader adoption. Companies and legal professionals see the bill as a base for regulatory alignment across multiple agencies. Ripple’s chief legal officer called the bill a win for establishing long-term clarity in the space.

Supporters believe the bill could reduce uncertainty for U.S.-based digital asset businesses. Many of them claim that clear rules would encourage compliance while promoting innovation. As a result, more stakeholders have backed its swift progress through Congress.

GENIUS Act’s Passage May Determine Future Progress

The GENIUS Act, which governs stablecoins, remains critical to the forward movement of the CLARITY Act. Lawmakers have linked the success of the crypto market structure bill to the GENIUS Act’s passage, underscoring the importance of stablecoin regulations in broader digital asset oversight.

The Senate will soon vote on the GENIUS Act, and expectations are rising for its approval. Some House members believe that without it, the CLARITY Act may lose legislative momentum. The relationship between the bills highlights the interconnected nature of digital asset legislation.

Stakeholders await the Senate’s decision, which could reshape the regulatory environment for digital assets. Coordination between chambers remains essential for synchronized progress on both bills. If passed, both acts could reshape how the U.S. approaches digital asset oversight moving forward.

The post Key Crypto Bill Faces Crucial Test as Lawmakers Set June 10 Markup appeared first on CoinCentral.

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Filed under: News - @ June 6, 2025 10:15 am