All articles tagged with #clarity act
The U.S. House of Representatives has designated the week of July 14th as 'Crypto Week' to advance key legislation including the CLARITY Act, Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act, aiming to establish a clear regulatory framework for digital assets, promote innovation, and prevent the creation of a Central Bank Digital Currency to protect Americans' financial privacy.
The CLARITY Act aims to clarify digital asset regulation in the U.S. by splitting oversight between the SEC and CFTC, supporting innovation and consumer protections, though it faces criticism over potential loopholes and regulatory gaps, with revisions ongoing as it moves through legislative processes.
The House Financial Services Committee held a hearing on the Digital Asset Market Clarity Act (CLARITY), aiming to establish clear crypto regulations, but discussions were overshadowed by scrutiny of President Trump's involvement in crypto ventures, complicating bipartisan support and raising concerns about conflicts of interest.
The CLARITY Act of 2025 aims to clarify the roles of the SEC and CFTC in digital asset regulation, proposing a framework that classifies most cryptocurrencies as commodities under CFTC jurisdiction while leaving securities under SEC oversight, with bipartisan backing and progressing through Congress alongside the GENIUS Act.