US Regulators Seek Clarity on Cryptocurrency Markets

The US dollar remains the world's largest fiat gateway into crypto markets, but much of the trading activity now happens abroad. According to CoinGecko, only one US-based exchange, Coinbase, ranked among the world's ten largest crypto trading platforms in 2025.

The Digital Assets CLARITY Act aims to reverse this trend by establishing clearer rules for digital assets and ending years of regulatory uncertainty. The proposal would create a more predictable framework for crypto companies operating in the US, potentially making it more competitive against offshore jurisdictions that have attracted exchanges over the past several years.

Supporters of the CLARITY Act believe that the legislation could bring cryptocurrency trading activity back to the US after years of migration to offshore exchanges. Mike Novogratz said that the legislation could open broader access to the US economy for billions of people worldwide through regulated digital asset markets.