In a landmark development for the digital asset sector, the U.S. House of Representatives has passed the CLARITY Act on Thursday, a comprehensive legislative framework aimed at ending regulatory ambiguity in the crypto industry.
The vote marks a major step toward establishing clear oversight responsibilities between federal agencies and giving innovators a roadmap for compliance.
The bipartisan legislation seeks to bring much-needed coherence to the digital asset ecosystem, which has long operated in a fragmented regulatory environment marked by overlapping enforcement actions and unclear jurisdiction.
The CLARITY Act delineates authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), offering legal certainty around the classification of digital assets and the treatment of decentralized protocols.
In a note sent to Benzinga, Ji Hun Kim, President and Acting CEO of the Crypto Council for Innovation, called the bill’s passage “a milestone for American innovation and economic leadership.”
“This legislation brings needed …