Retain
The Clarity Act heads for the Senate for examination before advancing it to the Trump office. The bill aims to offer a complete framework for the cryptography sector.
The crypto week was a successful and historic victory for industry.
On July 17, the American house cleared The Stablescoin bill, the Trump approval law, while the broader market structure bill, the Clarity Act, has advanced in the Senate.
The two bills benefited from massive bipartite support, the Clarity Act obtaining 294 vote “Yes” against 134 “No.”
Compared to his predecessor, the Fit21 Adopted last year, the Clarity Act was elected favorably by 78 democrats, more than half of the expected number.
But what rules contain the bill and how does it have an impact on the markets?
Unpacking the clarity law
THE InvoiceIntroduced for the first time in May 2025, aims to clearly define digital assets, whether it be titles (investment contracts) or products.
In addition, he to propose that the dry (Securities and Exchange Commission) will manage the cryptographic assets considered as “titles”.
On the other hand, the CFTC (Commodity Futures Trading Commission) will manage decentralized assets and trading.
Other provisions include the exemption from Crypto DEFI projects and at an early stage of surveillance provided they subject appropriate disclosure if necessary.
Supporters of the bill welcomed him as a big change compared to the implementing measures of the Biden era, where cryptographic companies were continued because there was no clarity on the classification of tokens.
In addition, retail users will benefit from more protection due to improved disclosure requirements for brokers and projects.
In addition, the bill will stimulate innovation and put the United States on a par with other regions with clear rules such as the EU, Singapore and water. Mike Johnson room president summary It’s like, ‘
“Make crypto a basic pillar of the American economy and make sure that America remains the world leader in this dynamic industry.”
For political observers to MacmillanThe bill “will shape the future role of the United States in the global landscape of digital assets”.
Criticism of the bill
But criticisms also underlined several problems with the bill.
Last month, the former president of the CTFC Timothy Massad said The house that the double surveillance model could lead to more confusion than clarity in a fast sector.
A similar reserve was shared by the consumer protection agency, Americans for Financial Reform (AFR).
He criticized the bill as a passage from “bad in worse” to fit21, citing Ambiguity in DEFI surveillance.
“The Clarity Act has passed the deregulation program for the Evil Crypto industry.”
AFR added,
“Cryptographic investors on the DEFI platforms will be largely left to manage for themselves.
The bill will be examined in the Senate before submitting to Trump for final approval. It remains to be seen if he will be erased by Trump’s September deadline.
