About Crypto Markets Structure Bill (Clarity Act)

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French Hill, Chairman of the House Financial Services Committee, introduced a new Crypto Market Structure Bill known as the Digital Asset Market Clarity (CLARITY) Act to establish clear rules for digital assets and define regulatory roles
The Crypto Market Structure Bill known as the Digital Asset Market Clarity (CLARITY) Act aims to resolve jurisdictional ambiguity between the SEC and CFTC, define digital asset classification and custody rules, and strengthen consumer protections
CLARITY Act is the successor to the Financial Innovation and Technology for the 21st Century Act (FIT21), which passed the House but stalled in the Senate during the previous session

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