Clarity Act heads to Tuesday’s vote with new amendments
The post Clarity Act heads to Tuesday’s vote with new amendments appeared on BitcoinEthereumNews.com.
The CLARITY Act, aimed at providing a more stable regulatory framework for digital assets, received a major overhaul on the evening of June 8. The Amendment in the Nature of a Substitute (ANS) was released ahead of Tuesday’s high-stakes markup in the House Financial Services Committee. According to a recent post on X by FOX Business reporter Eleanor Terrett, this updated version of the CLARITY Act will serve as the foundation for the committee’s deliberations. She also clarified that this version is the most recent version from the House Financial Services Committee. There is another version from the House Agriculture Committee, which will be marked up separately. Both committees will review and make changes to their versions on Tuesday. After that, the two versions will be merged into one final bill. The new version features fresh definitions and tweaks expected to significantly influence agencies’ oversight of digital assets, including cryptocurrencies, stablecoins, and decentralized finance. This hearing will set the direction for future crypto regulation as the bill moves into a key stage in lawmaking. New crypto law clarifies token classification and empowers agencies This new framework of the CLARITY Act defines which digital tokens are “digital commodities” and which ones are “securities” to identify the responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). These new and clear roles make it easier for companies to comply with the rules and for regulators to enforce them because they reduce confusion and disagreements about how tokens should be classified under existing laws. The amendment introduces an “investment contract asset” that avoids classifying certain digital tokens as securities contracts to define rules more appropriate for their function. It also creates a system of provisional registration under the CFTC for digital commodity brokers, exchanges, dealers, and custodians. This allows…
Filed under: News - @ June 9, 2025 10:26 am