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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, if enacted, would set an ambitious goal for regulatory agencies to implement its market structure rules within one year

French Hill, Chairman of the House Financial Services Committee, described the CLARITY Act as “long-overdue clarity for the digital asset ecosystem,” stating that the bill prioritizes consumer protection and American innovation, and aims “to secure America’s position as the global leader in digital assets.”

CLARITY Act is scheduled for a hearing in the House Financial Services Committee on June 10, 2025

CLARITY Act has bipartisan support, including three Democratic co-sponsors, Angie Craig, Ritchie Torres, and Don Davis, who emphasized its consumer protection, regulatory inclusion and clear rules for business

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

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