US lawmakers introduced the CLARITY Act on May 28, aiming to bring regulatory clarity to digital asset markets and to address gaps in crypto oversight.
Backed by lawmakers from both parties, the bill proposes rules to govern digital assets and define agency roles in enforcement and oversight.US Representative French Hill has announced the introduction of the much-awaited market structure bill for digital assets.
The “Digital Asset Market Clarity Act of 2025” or “CLARITY Act of 2025”The bill covers the roles of both the United States Securities and Exchange Commission and the Commodity Futures Trading Commission on digital assets oversight, seeking to resolve longstanding questions about which agency oversees which types of digital assets.in a May 29 statement. “Our bill brings long-overdue clarity to the digital asset ecosystem, prioritizes consumer protection and American innovation, and builds off our work in the 118th Congress.”Under the CLARITY Act, developers would be required to provide accurate and relevant disclosures detailing a project’s operation, ownership, and structure. The bill also introduces new compliance requirements for customer-facing firms such as brokers and dealers, including clear disclosures to customers, segregation of customer assets from company funds, and mitigation of conflicts of interest through strict registration, transparency, and operational standards. In addition, the Act establishes “comprehensive registration regimes” that would allow digital asset firms to legally serve customers in the US market. “The CLARITY Act will deliver clear rules of the road that entrepreneurs, investors, and consumers deserve,” Representative Ritchie Torres said in a statement. The bill emerged from the House Committee on Financial Services. The committee had previously worked on the FIT21 Act, which passed out of the House of Representatives but stalled in the Senate. Hearings for a market structure bill started initially in April within the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.Market structure and stablecoin bills have long been points of emphasis for Congress, which has sought to regulate the burgeoning crypto industry in the United States.The Trump administration has pushed for the passing of the GENIUS Act, with Treasury Secretary Scott Bessent and Crypto Czar David Sacks both advocating for it publicly. The bill initiallyBitcoin can reach $200K in 2025 after 'obvious' price breakout signal
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