What is the US Crypto CLARITY Act and How is It Unique?
The post What is the US Crypto CLARITY Act and How is It Unique? appeared on BitcoinEthereumNews.com.
Over the last couple of weeks, buzz has been growing about the CLARITY Act, a proposed new framework for US crypto regulation. The bill’s first markup is scheduled for tomorrow morning. But what is the significance of this new crypto bill, and which industry players support it? New Act Brings CLARITY To Crypto Regulation Since the GENIUS Act cleared a key cloture vote, US crypto policy has been an especially important topic. In late May, GOP Congressman French Hill proposed the Digital Asset Market Clarity (CLARITY) Act, a new framework for Web3 regulation. The bill’s first markup will happen tomorrow morning at 10 AM EST. 🚨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 The proposed act assigns the CFTC as the primary regulator for digital commodities (on‑chain tokens), including exchanges, brokers, and spot markets. It preserves the SEC’s authority over investment contract assets—securities under the Securities Act. Overall, it creates precise definitions and compliance pathways to reduce inconsistent enforcement. In addition to consumer protection measures, it attempts to provide thorough rules for defining tokens as securities or commodities, a thorny issue for regulators. Without getting into excessive detail, the bill aims to remove ambiguity from several such situations. Although it was proposed by a Republican, the CLARITY Act has strong bipartisan support, reflecting the desire to create a solid framework for crypto regulation. However, the initial language focused specifically on assets, their classification, and firms that custody them. The proposed bill also exempts “DeFi activities” (like developers, transaction relayers) from conventional registration. It also explicitly protects peer-to-peer transactions and individual self-custody…
Filed under: News - @ June 10, 2025 1:25 am