U.S. House clears CLARITY Act – How will this impact crypto policies?
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Key Takeaway The CLARITY Act heads to the Senate for consideration before advancing it to Trump’s desk. The bill aims to offer a comprehensive framework for the crypto sector. The crypto week has been a successful and historic win for the industry. On the 17th July, the U.S. House cleared the stablecoin bill, the GENIUS Act to for Trump’s approval, while the broader market structure bill, the CLARITY Act, advanced to the Senate. Both the bills enjoyed massive bipartisan support, with the CLARITY Act garnering 294 ‘YES’ votes against 134 ‘No.’ Compared to its predecessor, the FIT21 passed last year, the CLARITY Act was voted favorably by 78 Democrats, more than half the expected number. But what rules does the bill contain, and how will it impact the markets? Unpacking the CLARITY Act The bill, first introduced in May 2025, aims to define digital assets clearly, whether they are securities (investment contracts) or commodities. Additionally, it proposes that the SEC (Securities and Exchange Commission) will handle crypto assets deemed ‘securities.’ On the other hand, the CFTC (Commodity Futures Trading Commission) will handle decentralized crypto assets and trading. Other provisions include the exemption of DeFi and early-stage crypto projects from oversight on condition that they submit proper disclosures where necessary. Supporters of the bill have hailed it as a great shift from the Biden-era enforcement actions, where crypto firms were sued because there was no clarity on token classification. Additionally, retail users will benefit from more protection due to enhanced disclosure requirements for the brokers and projects. Besides, the bill will spur innovation and put the U.S. on par with other regions with clear rules like the E.U., Singapore, and the UAE. House Speaker Mike Johnson summarized it as, ‘ “Make crypto a core pillar of the U.S. economy and ensure…
Filed under: News - @ July 19, 2025 9:29 am