BREAKING: Senate GOP Drops Crypto Bombshell—Supercharged CLARITY Act Expansion Lands in 2025
Washington just got a lot more interesting for crypto. Senate Republicans have fired the opening salvo in what could become the most significant digital asset legislation of the decade.
The new bill—dubbed 'CLARITY 2.0' by insiders—aims to tear down regulatory gray areas that have left crypto firms operating in legal limbo. No more guessing games about SEC vs. CFTC jurisdiction.
Here's what's in the crosshairs:
- Clear token classification standards (finally!)
- Streamlined licensing for exchanges
- Tax treatment that doesn't require an accounting PhD
Wall Street banks are already lobbying against it—which probably means it's good for actual innovation. The bill drops just as Bitcoin reclaims $70K and ETH staking hits all-time highs. Coincidence? In crypto, nothing ever is.
One thing's certain: if this passes, the 2025 bull run might make 2021 look like a warm-up. Unless, of course, the usual suspects find a way to 'protect investors' straight into obsolescence.
U.S. Dollar Comes Onchain as GENIUS Act Ushers in Digital Era
Lawmakers are now requesting public feedback through a Request for Information (RFI) process. They’re asking industry participants and the public to submit comments by August 5, 2025, including detailed input on topics such as:
- Whether legislation should rely on the concept of “ancillary assets”
- The appropriate use of the Howey test in classifying digital assets as securities
- Mandating SEC rulemaking to redefine the term “investment contract”
This effort comes amid growing bipartisan momentum for establishing a clear regulatory framework in the wake of rising institutional crypto adoption and stablecoin innovation following the GENIUS Act.
