Innovation thrives on clarity
CLARITY Act 101
Clear Rules for Innovation
The bipartisan CLARITY Act finally gives innovators, investors, and consumers the modern regulatory frameworkfor digital assets they’ve been waiting for. It replaces uncertainty with transparency—fueling responsible growth, fair competition, and renewed trust in America’s financial leadership.
Defined Oversight, Shared Vision
For the first time, the Act clearly establishes the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), defining different digital asset types and enabling consumer protection. This unified framework ends years of regulatory confusion that slowed progress and pushed innovation abroad.
Keeping America Ahead
By setting a stable foundation for open markets and responsible innovation, the Clarity Act ensures America remains the world’s hub for financial technology—empowering entrepreneurs to build the next generation of global financial infrastructure here at home.
Championing Innovation
McIntosh & Club for Growth Advocacy Leadership
Club Position: YES
Vote Date: July 17, 2025
Vote Result: Passed
Vote Number: 199
YEAs
NAYs
Not Voting
When you put your money into a bank or spend money on a credit card, you earn interest and rewards on those dollars as an incentive to use that bank's services.
— David M. McIntosh (@DavidMMcintosh) October 17, 2025
Likewise, Crypto companies should be able to continue to offer competitive rewards programs, incentives, and bonuses!… pic.twitter.com/TGE6SCbKlX
Message your Members of Congress and tell them to support the CLARITY ACT
My colleagues and I in the House and Senate share the same goal:
to provide clear rules of the road for digital assets that protect investors, foster innovation, and keep the future of digital finance anchored in America… Working with President Trump, we can deliver a comprehensive, bipartisan regulatory framework for digital assets.
Sen. Tim Scott (Chair, Senate Banking) & Sen. Cynthia Lummis
The time for regulatory uncertainty in the digital asset space has come to an end…
We cannot allow regulatory confusion to continue driving American innovation overseas. Market structure legislation will establish clear distinctions between digital asset securities and commodities, modernize our regulatory framework, and position the United States as the global leader in digital asset innovation.
Sen. Cynthia Lummis
America desperately needs digital asset legislation that promotes responsible innovation and protects consumers…
I am partnering with Chairman Scott to provide principles for market structure legislation to finally draw the line between a security and a commodity and ensure the U.S. remains at the helm of global financial advancement.
Sen. Cynthia Lummis
For too long, outdated laws and regulatory uncertainty around digital asset market structure have hindered American innovation and left consumers without adequate protections…
This discussion draft demonstrates a strong commitment to unlocking the full potential of the digital asset economy by delivering responsible legislation that… ensures the United States remains a global leader in digital asset development.
Sen. Bill Hagerty
The GENIUS Act was a critical stride toward ensuring the United States is a leader in Digital Assets…
This draft represents the next step in putting a bipartisan regulatory framework on President Trump’s desk and I look forward to… encourage innovation, protect consumers, and strengthen national security and US dollar dominance.
Sen. Bernie Moreno
Frequently Asked Questions
The bipartisan Digital Asset Market Clarity Act of 2025, or Clarity Act, is a landmark step toward securing America’s leadership in the future of finance. It delivers the clear, modern rules that innovators, investors, and consumers have been waiting for – strengthening U.S. competitiveness while protecting consumers and promoting fair competition. By clearly defining the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), the Act ends years of regulatory confusion that have slowed progress and driven innovation overseas. The Clarity Act ensures the U.S. remains the world’s center for financial innovation by supporting open markets, responsible growth, and clear oversight that empowers American entrepreneurs to build the next generation of global financial infrastructure here at home.
The Clarity Act (H.R. 3633) has passed the House by a 294–134 bipartisan vote. It is now in the Senate, where it has been referred to the Senate Banking, Housing, and Urban Affairs Committee. Senate consideration remains pending, and competing digital asset market-structure proposals may influence its final form.
Why it matters: The Senate’s decisions in the coming weeks will determine whether the U.S. adopts clear rules that anchor innovation and protect consumers — or leaves regulation unsettled.
The Clarity Act draws firm lines between regulatory authorities. It assigns digital commodities to the Commodity Futures Trading Commission (CFTC) while leaving investment contracts and related offerings under the Securities and Exchange Commission (SEC). It also enables a provisional registration regime for exchanges, brokers, and dealers, and offers a “mature blockchain” path so decentralized networks can operate without unnecessary securities burdens.
Bottom line: By resolving jurisdictional overlap and providing graduated registration paths, the Act gives industry and regulators a reliable framework to act and invest confidently.
Investor enthusiasm is surging: a recent survey found 83 percent of institutional investors plan to increase allocations to digital assets in 2025, with regulatory clarity cited as a top factor. (Source: EY)
Meanwhile, the digital asset landscape is maturing, and ambiguous regulation continues to push capital and talent abroad. At the same time, global jurisdictions (e.g. EU’s MiCA) are accelerating regulatory adoption.
What’s at stake: The U.S. risks ceding leadership and innovation to other countries unless it acts now.
By offering clear rules and pathways to compliance, the Clarity Act encourages new projects, capital formation, and technological development in the U.S. Rather than stifling experiments, it lets startups build under supervision. Because regulatory ambiguity has acted as a barrier to entry for some firms, reducing that friction can accelerate competition and infrastructure evolution. Moreover, strong oversight helps attract institutional investors who demand legal certainty before deploying capital.
Economic impact: More innovation today can mean more high-quality jobs, more U.S.-based platforms, and greater growth in digital finance.
The Act embeds pro-competition guardrails, ensuring that regulation does not become a tool to protect incumbents. It prevents rules that could block entry or restrict payment innovations. In an environment where some large financial players may seek to limit disruptive entrants, this legal clarity helps preserve consumer options and ensures that competition—not regulation by legacy actors—drives markets.
Consumer upside: With fair rules, Americans gain access to more choices, better services, and lower costs as new technologies compete on merit — not preferential regulation.
Message your Members of Congress and tell them to support the CLARITY ACT