U.S. House Passes CLARITY Act, Paving Way for Crypto Regulatory Framework
The U.S. House has advanced the CLARITY Act to the Senate, marking a pivotal moment for cryptocurrency regulation. With bipartisan support, the bill secured 294 votes in favor, signaling strong legislative backing. The CLARITY Act aims to delineate whether digital assets qualify as securities or commodities, assigning oversight to the SEC and CFTC respectively.
DeFi and early-stage projects may gain exemptions under the proposed framework, provided they adhere to disclosure requirements. This legislative progress follows the House's approval of the stablecoin-focused GENIUS Act, now awaiting presidential endorsement. The crypto industry celebrates these developments as historic wins, potentially shaping market structure and investor confidence.
