U.S. House Committee Advances CLARITY Act to Define Crypto Regulation
The U.S. House Agriculture Committee approved the Digital Asset Market CLARITY Act with a decisive 47-6 vote, marking a pivotal step toward regulatory clarity for cryptocurrencies. The bill delineates jurisdictional boundaries between the CFTC and SEC, assigning oversight of digital commodities to the former while retaining securities under the latter''s purview.
Lawmakers emphasized the need for coherent rules during debates at the Rayburn House Office Building, with bipartisan support underscoring the urgency of resolving regulatory ambiguities. The CFTC''s expanded role signals a potential shift in enforcement priorities for tokens classified as commodities.