#CryptoClarityAct The Crypto Clarity Act, formally known as the Digital Asset Market Structure Clarity Act, is a significant piece of proposed legislation in the US aimed at bringing regulatory clarity to the cryptocurrency industry. Here's what you need to know:
Key Provisions
- *Regulatory Oversight*: The act divides regulatory oversight between the Commodity Futures Trading Commission (CFTC) for digital commodities and the Securities and Exchange Commission (SEC) for securities.
- *Definitions*: It provides clear definitions for digital assets, blockchain, and digital commodities to avoid confusion.
- *Registration Requirements*: Crypto businesses like exchanges, brokers, and dealers dealing with digital commodities must register with the CFTC.
- *Safe Harbor*: Projects can raise up to $75 million annually under disclosure requirements if their blockchain aims to become decentralized.
Implications and Next Steps
- *Passed House Vote*: The CLARITY Act was passed by the US House of Representatives on July 17, 2025.
- *Senate Review*: The bill now heads to the Senate for review, where its future remains uncertain due to concerns from some Democrats over reduced SEC authority.
- *Support and Criticism*: The act has bipartisan support in the House but faces criticism from groups like Americans for Financial Reform regarding reduced SEC oversight.¹ ² ³