CLARITY Act

The CLARITY Act is a U.S. digital-asset market structure bill intended to clarify the division of regulatory authority between the SEC and CFTC, as well as the rules governing industry participants. The bill has entered a critical phase of Senate review, while House lawmakers have held a Wall Street hearing to rally support. Banks are seeking changes to provisions on stablecoin rewards, Democrats are scrutinizing conflicts of interest involving Donald Trump's crypto holdings, and the CFTC has warned that regulators may write their own rules if Congress fails to legislate. The outcome will affect trading platforms, stablecoins, self-custody wallets and developer liability, while also shaping crypto market expectations.