The CLARITY Act push is gaining momentum as lawmakers seek federal rules for digital asset markets. The proposal has attracted support from congressional leaders, industry organizations, consumer-focused groups, national security veterans, and President Donald Trump.
Key Takeaways:
The CLARITY Act has attracted support from a wide range of political and industry stakeholders.Support comes from lawmakers, industry groups, consumer advocates, national security voices, and Trump.Critics continue seeking stronger safeguards on conflicts, illicit finance, and market risks.On June 5, Lummis warned in an X post:
“If we don’t pass the CLARITY Act this Congress, we are handing the future of digital finance to jurisdictions that do not share our values.”
“The CLARITY Act doesn’t pick winners. It creates a level field where the best ideas win. That’s how America is supposed to work,” she also wrote in a June 4 X post. Lummis has repeatedly argued that delays allow other countries to set rules the U.S. should be writing.
US Lawmakers Frame CLARITY Act as Market Rules FightChairman Scott said the bill “puts consumers first, combats illicit finance, cracks down on criminals and foreign adversaries, and keeps the future of finance here in the United States.” Hill stressed it “prioritizes consumer protection and American innovation.” Thompson noted:
“This landmark legislation will protect consumers, unleash entrepreneurship, and ensure the United States sets the global standard for the future of innovation.”
The Digital Asset Market Clarity Act of 2025 would create a federal market structure framework for digital assets. It would divide oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while setting rules for token classification, disclosures, custody, exchanges, brokers, and consumer protections.
Supporters view the measure as a way to reduce regulatory uncertainty, while critics continue pushing for stronger safeguards addressing conflicts of interest, illicit finance concerns, and broader market risks.
Support Broadens as Senate Fight Over CLARITY Act DeepensLummis also cautioned:
“The next window for digital asset legislation after this Congress is likely 2030.”
“Until then, developers remain exposed with no legal protections, and law enforcement remains without the tools to hold bad actors accountable. The CLARITY Act solves both,” she noted.
