NewsBTC

30 May 2025

2 0

House Introduces Digital Asset Market Clarity Act for Crypto Regulation

The U.S. House of Representatives has introduced the Digital Asset Market Clarity Act (CLARITY Act) to establish a legislative framework for the crypto market.

Key Provisions of the CLARITY Act

• The act empowers the Commodity Futures Trading Commission (CFTC) with exclusive jurisdiction over digital commodity cash and spot markets.
• Crypto platforms must register with either the CFTC or Securities and Exchange Commission (SEC), depending on the types of digital assets offered.
• Registered platforms must comply with the Bank Secrecy Act, including KYC requirements and monitoring financial activities.
• The act clarifies that stablecoins are not securities and will be regulated by existing financial regulators overseeing the issuing firms.
• A Stablecoin Bill is set for discussion next week to further define regulations in this area.

The CLARITY Act aims to create a more structured crypto market, potentially increasing investor confidence and leading to higher investments in digital assets.