Bitcoin Magazine

US House Passes Bitcoin, Crypto Market Structure Bill The CLARITY Act

The US House of Representatives has officially passed the CLARITY Act (H.R. 3633) by a vote of 294-134, a major step toward creating a clear regulatory framework for digital commodities like Bitcoin.

“The Clarity Act helps us get there by adding consumer protection into law and setting clear guidelines for digital asset managers,” stated Congressman John Rose. “It also establishes guardrails for federal agencies, who have too often stepped outside their statutory authority in recent years, especially with cryptocurrency. The bill offers modern solutions to a modern financial sector that grows in popularity and relevance by the hour.”

The legislation aims to define and divide regulatory oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), establishing clear rules in a complex digital asset market. With the final House vote now complete, the bill will advance to the Senate for further consideration.

“This bill helps establish a strong, pro-growth framework that gives innovators certainty that will bring digital assets back to the U.S.,” said Congressman Addison McDowell. “A key step to making America the Crypto Capital of the World.”

If passed by the Senate, the CLARITY Act would mark a significant milestone in the federal government’s approach to bitcoin and crypto regulation, which aims to support innovation while addressing regulatory uncertainty that has long challenged the industry.

“At present, there is no established market structure to protect consumers or provide clear rules of the road for businesses and innovators,” stated Congressman Don Davis. “It’s the wild, wild west! Congress must deliver market structure legislation that brings clarity. Millions of Americans are holding cryptocurrency, using it in financial transactions, or using other digital tokens as part of new, innovative technologies and services. There must be consumer protections, and the United States must lead.”

This post US House Passes Bitcoin, Crypto Market Structure Bill The CLARITY Act first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Bitcoin Magazine

US House Passes Bitcoin, Crypto Market Structure Bill The CLARITY Act

The US House of Representatives has officially passed the CLARITY Act (H.R. 3633) by a vote of 294-134, a major step toward creating a clear regulatory framework for digital commodities like Bitcoin.

“The Clarity Act helps us get there by adding consumer protection into law and setting clear guidelines for digital asset managers,” stated Congressman John Rose. “It also establishes guardrails for federal agencies, who have too often stepped outside their statutory authority in recent years, especially with cryptocurrency. The bill offers modern solutions to a modern financial sector that grows in popularity and relevance by the hour.”

The legislation aims to define and divide regulatory oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), establishing clear rules in a complex digital asset market. With the final House vote now complete, the bill will advance to the Senate for further consideration.

“This bill helps establish a strong, pro-growth framework that gives innovators certainty that will bring digital assets back to the U.S.,” said Congressman Addison McDowell. “A key step to making America the Crypto Capital of the World.”

If passed by the Senate, the CLARITY Act would mark a significant milestone in the federal government’s approach to bitcoin and crypto regulation, which aims to support innovation while addressing regulatory uncertainty that has long challenged the industry.

“At present, there is no established market structure to protect consumers or provide clear rules of the road for businesses and innovators,” stated Congressman Don Davis. “It’s the wild, wild west! Congress must deliver market structure legislation that brings clarity. Millions of Americans are holding cryptocurrency, using it in financial transactions, or using other digital tokens as part of new, innovative technologies and services. There must be consumer protections, and the United States must lead.”

This post US House Passes Bitcoin, Crypto Market Structure Bill The CLARITY Act first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.