CLARITY Act Inches Closer to Defining US Crypto Rules

The CLARITY Act is making its way through the Senate and has the potential to redefine US crypto rules and market oversight. The bill aims to draw a clear line between digital asset securities and commodities, which would settle years of agency disputes, lawsuits, and uneven enforcement.

If passed, the Securities and Exchange Commission would oversee investment contracts resembling traditional securities, while the Commodity Futures Trading Commission would supervise decentralized network tokens and digital commodities.

The legislation's impact goes beyond crypto exchanges, with banks, asset managers, pension funds, and insurers pointing to regulatory uncertainty as a barrier to deeper market participation. Industry leaders argue that legal certainty could support more investment, products, and wider blockchain use.