The US Senate Banking Committee on Thursday advanced the Digital Asset Market Clarity Act (CLARITY ACT) of 2025. This major crypto market-structure bill would establish regulatory rules for digital assets in the country. The legislation passed the committee in a 15-9 bipartisan vote after nearly a year of negotiations and will now move to the full Senate for consideration. 

Defines “digital commodities”: The bill defines a digital commodity as a digital asset “intrinsically linked” to a blockchain system whose value derives from its use. It excludes traditional securities, swaps, derivatives, some stablecoins, pooled investment vehicles, and digital collectibles from that category. 

Other important…