Key Takeaways:
- The CLARITY Act received bipartisan approval, passing the House Financial Services Committee by a vote of 32 to 19, and the House Agriculture Committee by a vote of 47 to 6.
- The bill sets clear jurisdiction between the SEC and CFTC, aiming to end years of regulatory confusion in the Crypto space.
- The bill introduces mandatory disclosures, consumer protections, and lawful registration paths for digital asset firms.
- The move aligns with broader federal efforts, including the GENIUS Act, signaling a comprehensive push for U.S. crypto regulation.
On June 11, 2025, the U.S. House Committee on Financial Services advanced H.R. 3633, known as the CLARITY Act, to the full House of Representatives by a bipartisan vote of 32 to 19, a move that was followed shortly by the House Agriculture Committee’s approval of the bill with a 47 to 6 vote.
The legislation aims to bring a long-awaited regulatory structure to the digital asset sector.
What the CLARITY Act Proposes
The CLARITY Act is designed to resolve longstanding regulatory ambiguity surrounding digital assets by establishing clear oversight responsibilities for the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Specifically, it:
- Assigns digital commodities to the CFTC and securities to the SEC, clarifying jurisdictional lines.
- Requires developers to provide transparent disclosures about project operations, ownership, and structure.
- Mandates that digital asset brokers and dealers segregate customer funds, disclose conflicts of interest, and comply with registration requirements.
- Creates lawful registration pathways for digital asset firms to serve U.S. customers under federal oversight.
Committee Announcements and Lawmaker Statements
Chairman French Hill announced the approval of the bill, describing it as a forward-looking move to adapt U.S. financial systems to the evolving role of digital assets. He also emphasized that blockchain and decentralized technologies are essential tools for building a more secure and inclusive financial future:
“Blockchain technology and digital assets are reshaping the future of American finance – one that includes a more secure, decentralized, and inclusive system.”
Agriculture Committee Chairman GT Thompson echoed the same sentiment, emphasizing the bipartisan achievement:
“Today’s bipartisan votes advancing this bill out of our respective committees proves that the timing is ripe to advance common sense legislation that will finally bring certainty to the digital asset space.”
US on Full Throttle for Crypto Regulation
This new regulatory advancement comes just weeks after the Senate advanced the GENIUS Act, a landmark bill focused on stablecoin oversight.
The legislation, which passed a procedural vote with a decisive 66–32 margin, marks the federal government’s first serious move to establish nationwide rules for dollar-backed digital currencies.
The GENIUS Act would require stablecoins to be fully backed by cash or short-term Treasuries, mandate third-party audits, and impose strict anti–money laundering safeguards.
Together with the House’s progress on the CLARITY Act, these parallel efforts highlight a coordinated legislative push to bring structure and legitimacy to the broader Crypto ecosystem, covering every aspect, from trading platforms to token issuance and digital dollar equivalents.
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