Michaela
The U.S. House Agriculture Committee has voted to advance the CLARITY Act, a legislative proposal aimed at establishing a formal regulatory framework for digital assets. The vote comes as members of the House Financial Services Committee simultaneously reviewed a developer-focused amendment to the bill.
Lawmakers on the House Agriculture Committee voted 47-6 on Tuesday to move the Digital Asset Market Clarity Act forward, signaling strong bipartisan support for creating clear rules around digital assets.
Committee Chair GT Thompson, in his opening remarks, confirmed that the bill is set to move to the full House for consideration. He noted that lawmakers who wish to express dissenting opinions will have until Friday to formally submit their comments.
“Ultimately, we are left with one inescapable conclusion: congressional action is needed to bring these assets under federal oversight. Federal oversight will ensure that customers in every state are afforded the same comprehensive protections, and that Americans can innovate, develop, and build with digital assets, free from the fear of federal enforcement actions,” Thompson stated.
Related: Nasdaq Promises Fast Move on SEC Approval for Tokenized Stocks
The CLARITY Act, introduced in May, aims to bring long-needed regulatory clarity to the U.S. digital asset sector. Its backers say the legislation would create clear operational guidelines for crypto firms, while also settling a key jurisdictional question: whether oversight should fall to the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).
Thompson also emphasized the collaborative effort behind the bill, noting that a wide range of voices, from industry leaders to regulators, were involved in shaping the legislation.
Additionally, the Committee Chair stressed that the absence of clear rules has already cost the U.S. its leadership in digital asset innovation over the past four years. Stakeholders have made it clear, that without a regulatory framework, America risks falling behind.
Related: Thailand Orders Sam Altman’s World to Delete 1.2M Iris Scans or Jail
The CLARITY Act’s advancement marks a step toward broader congressional negotiations over how digital assets should be regulated, as lawmakers continue grappling with how to balance innovation, oversight, and investor protection in a rapidly evolving financial landscape.
Read More
- SEC Ends Binance Lawsuit in Major Shift on Crypto Enforcement
- CFTC May Approve Crypto Perpetual Futures Amid Leadership Shakeup
- SEC Chair Atkins Vows 2025 Regulatory Framework for Crypto Markets
MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
