A growing number of people see the Clarity Act, which intends to establish clear and enforceable guardrails for the U.S. crypto industry, as a sign that Washington has firmly closed the door on the “regulation-by-enforcement” approach seen under the Biden administration to a more structured framework for the crypto industry.
And look, on paper, it’s a major step forward. There is no doubt the Clarity Act offers clearer definitions and a more coherent regulatory perimeter for the industry.
But regulatory clarity does not automatically lead to adoption. Because even if Congress gets the market structure right, the U.S. crypto tax framework, in its current form, is still a bit messy and complicated.
