US Crypto Policy Shift Nears Senate Vote as CLARITY Act Advances

The CLARITY Act would designate Bitcoin and Ethereum as commodities under CFTC supervision according to analysis. This classification aims to resolve jurisdictional disputes between regulators that have complicated compliance according to market reports. Proposed registration requirements would establish clear operational standards for exchanges and brokers handling digital assets according to reports. The framework also addresses DeFi platforms and tokenized assets lacking regulatory definitions according to analysis. Market structure reforms could stabilize operational expectations for financial institutions exploring crypto services.

Legislation defines registration pathways while creating illicit finance safeguards that remain contentious according to market analysis. Industry lawyers anticipate market structure provisions will eventually pass despite political friction around enforcement mechanisms according to TD Cowen. The bill represents Washington's most comprehensive effort to provide legal certainty since crypto's emergence. Congressional approval would mark a foundational shift toward structured digital asset oversight.