CLARITY Act Advances Toward House Vote, Potentially Reshaping U.S. Crypto Regulation

The Digital Asset Market Clarity Act cleared two critical House committees this week, setting the stage for a full floor vote. The House Financial Services Committee approved the bill 32-19 on Wednesday, following a 47-6 bipartisan vote in the Agriculture Committee.

Legislators aim to create a new regulatory framework favoring the CFTC over the SEC for crypto oversight. "Blockchain technology and digital assets are reshaping the future of American finance," said House Financial Services Chair French Hill (R-AR), framing the bill as a historic opportunity for regulatory clarity.

The legislation''s progress signals growing congressional engagement with digital asset regulation. Market participants across all major exchanges will be watching closely as the consolidated bill moves toward a House vote.