U.S. House Republicans Introduce Digital Asset Market Clarity Act

House Republicans have formally introduced the Digital Asset Market Clarity Act, a comprehensive bill aimed at establishing regulatory oversight for cryptocurrency markets. The 236-page legislation designates the Commodity Futures Trading Commission (CFTC) as the primary regulator for digital commodity markets, marking a significant step toward regulatory certainty in the U.S. crypto sector.

The bill represents an evolution of last year’s FIT21 proposal, with House Financial Services and Agriculture Committee leaders championing the effort. "America should be the global leader in the digital assets marketplace, but we can’t do that without establishing a clear regulatory framework," said Rep. Dusty Johnson, highlighting the bill’s strategic importance.

While stablecoin regulation remains the most likely first-mover in crypto legislation, this broader market structure proposal addresses the complex challenges of overseeing spot markets and trading platforms. The introduction sets the stage for extended negotiations between House and Senate lawmakers as they work to balance innovation with investor protections.