In brief
- Lawmakers in Congress have formally introduced a crypto market structure bill known as the Digital Asset Market Clarity (CLARITY) Act.
- The bill seeks to end SEC oversight of the crypto industry.
- Most, if not all, crypto assets would fall under CFTC jurisdiction as “digital commodities.”
House lawmakers today unveiled a new crypto market structure bill that would end SEC oversight over the industry and, for the first time, create a formal pathway to legality in the United States for most digital assets.
The legislation, dubbed the Digital Asset Market Clarity (CLARITY) Act, closely resembles a draft bill circulated earlier this month. It would go back and amend America’s foundational securities laws to explicitly carve out…
May 31 2025
