The CLARITY Act is back in focus after a House panel moved the crypto regulation debate to New York, giving the industry another look at whether Washington can still push digital-asset legislation through a crowded political calendar.

The timing matters. Crypto regulation in the US has spent years stuck between agency enforcement, court fights, lobbying pressure, and congressional proposals that never quite make it across the line. A field hearing does not solve that by itself, but it does show lawmakers are still trying to frame the issue in public, closer to the financial centre where much of the industry’s institutional future will be decided.

For crypto markets, the bill is not just a Washington process story. It goes directly to…