The Digital Asset Market CLARITY Act (H.R.3633) would establish a clear federal framework for crypto by defining which tokens are securities (SEC) and which are commodities (CFTC). It sailed through the House in July 2025 by a large bipartisan vote. The bill splits digital assets into three categories digital commodities, investment-contract tokens, and permitted stablecoins and explicitly assigns SEC or CFTC oversight for each. The Trump Administration has strongly endorsed the Act, saying it provides “commonsense rules for digital assets” so innovators can “operate without fear of arbitrary enforcement or political targeting”. In short, the CLARITY Act aims to end the current “regulation by enforcement” uncertainty and let U.S. crypto firms know exactly which laws apply.
White House and Congress Press for Passage
In early 2026, Washington has seen a flurry of activity to get the CLARITY Act across the finish line. The White House Crypto Policy Council has convened multiple meetings between banks and crypto firms to break a standoff over stablecoin interest rules. Reuters reported on January 28 that “the White House will meet with banking and cryptocurrency executives to discuss a path forward for [this] landmark crypto legislation,” underscoring how eager the administration is to push it through. The press has noted President Trump’s pledge to make the U.S. the “crypto capital” of the world and the administration’s view that the CLARITY Act is a “pro-growth, pro-freedom framework” for innovation.
On Capitol Hill the message has been equally strong. House Financial Services Chairman French Hill (R-AR) pointed out that the CLARITY Act won “overwhelming bipartisan support” in the House and urged the Senate to move quickly so it can reach the President’s desk. Senate Majority Leader John Thune (R-SD) has pledged to schedule a vote if the bill comes from committee. Even Democratic leaders have signaled support: a bipartisan Senate Agriculture version passed its committee, and Senate Minority Leader Chuck Schumer has publicly backed getting a final bill done soon. In short, leaders in both parties are pushing to give U.S. crypto regulation the clarity it needs.
Potential Impact on the Crypto Market
If enacted, the CLARITY Act would significantly reshape the U.S. crypto market. By clearly defining token categories, it would convert many tokens from “howey” securities into CFTC-regulated commodities once their initial sale is over. For example, a token sold in an ICO would be a security at issuance, but on resale it automatically becomes a digital commodity under the Act. This gives traders and investors certainty that trading a token on U.S. exchanges won’t retroactively trigger SEC security laws.
U.S. crypto exchanges, broker-dealers, and custodians would register under a new CFTC framework for “digital commodity” marketplaces. The Act sets clear standards exchanges could list only tokens whose issuers meet specific disclosure rules (including publishing code and economic data) and must segregate customer funds with qualified custodians. Brokers and fund managers would also have to satisfy capital, reporting, and customer protection rules. In practice, this means crypto platforms get a known “rule book” instead of ad-hoc enforcement. SEC Chairman Paul Atkins has testified that Congress needs a comprehensive market-structure bill to “future-proof” the system; he supports the CLARITY Act and says the SEC will be ready to implement it once law. Overall, the legislation promises regulatory certainty that could unlock more institutional capital and innovation in the U.S., as supporters have long argued.
Looking Ahead
The CLARITY Act’s fate still isn’t guaranteed a key amendment on stablecoin yields caused a recent Senate pause but momentum is strong. Policymakers note that even if this specific bill stalls, U.S. crypto policy is trending toward more defined rules and innovation-friendly regulation. For investors and enthusiasts, that means it’s more important than ever to stay informed and engage with policymakers. Watch for further developments in Congress this spring, and consider voicing your views as America works to cement its leadership in digital assets. The industry is watching, and informed voices can help shape a balanced outcome that boosts crypto growth without compromising safeguards.
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