Bipartisan Support For Crypto: CLARITY Act Introduced By Rep. French Hill
House Financial Services Committee Chairman French Hill (R-AR) introduced the Digital Asset Market Clarity (CLARITY) Act on May 29, marking a significant step toward regulatory clarity for crypto assets in the U.S. The bipartisan bill, co-sponsored by five Republicans and three Democrats, aims to establish a framework that balances consumer protection with innovation.
The legislation mandates transparency for crypto firms, requiring disclosures and segregation of customer funds. "Our bill brings long-overdue clarity to the digital asset ecosystem," Hill stated, emphasizing its potential to solidify America’s leadership in the sector. The act could soon reach President Donald Trump, whose recent pro-crypto stance has resonated with investors.
