The U.S. Congress is set to review the Digital Asset Market Structure and Investor Protection Act, popularly known as the CLARITY Act, at 10 AM EST today. This bill, introduced by Representative French Hill at the end of May, aims to make crypto regulation more straightforward by setting out clear definition of digital assets and the roles of important federal departments involved with such assets. 

These actions come amid increased attention around digital assets regulation, thanks to the recent passing of the GENIUS Act cloture vote. With the crypto market evolving rapidly, there is a rising sense of urgency among lawmakers to create clear guidelines.

New Market Structure Bill to Ensure CLARITY for Crypto

Lawmakers in the U.S are making significant steps in the push of creating a clear regulatory framework for the crypto market. Recently, the GENIUS Act, a bill proposed to regulate stablecoins, passed the cloture vote. In tandem with the new wave, Chairman of the Financial Services GOP French Hill proposed the CLARITY Act in an effort to ensure clear crypto regulations in the U.S. 

🚨NEW: Chairman @RepFrenchHill today introduced the CLARITY Act, a bipartisan bill which would establish a regulatory framework for digital assets in the US.

Read more🔗⬇️https://t.co/fV7N7aXAdb pic.twitter.com/5ZIpFTcDDD

— Financial Services GOP (@FinancialCmte) May 29, 2025

The new Act aims to put the Commodity Futures Trading Commission (CFTC) in charge of monitoring digital commodities, including on-chain tokens, spot markets, exchanges, and brokers. At the same time, the US Securities and Exchange Commission (SEC) will continue to oversee investment contract assets that meet the definition of securities.

By assigning specific duties to every agency, the bill hopes to avoid any role confusion that could arise from overlapping responsibilities. Adopting this approach will help crypto firms overcome problems caused by regulatory uncertainty. The CLARITY Act further outlines a straightforward method for determining what counts as a security or a commodity in the crypto world. This topic has often led to uncertainty in crypto policy.

Significantly, the CLARITY Act provides certain compliance guidelines and puts in place protection measures for consumers to benefit both businesses and investors. As announced by Financial Services GOP, the first Full Committee Markup hearing for the bill will take place today at 10 AM EST. 

CLARITY Act Amendments and Industry Support

As discussions around the CLARITY Act continue, some groups have made new suggestions to fix some issues in the bill. For example, supporters are proposing the creation of the Blockchain Regulatory Certainty Act (BRCA) to ensure the new framework doesn’t go overboard. This proposal aims to prevent regulators from imposing unnecessary rules on areas – such as emerging web3 technologies – where strict oversight may not be appropriate.

According to journalist and Crypto in America host Eleanor Terrett, eight leading trade associations have rallied behind the amendment, assuring it has broad industry approval. These groups are pressing for changes to the law so that mistakes previously made by regulators are not repeated.

🚨NEW: I'm hearing that a joint statement is imminent from the eight leading crypto trade associations, along with @Uniswap and @jump_, expressing their support for the Blockchain Regulatory Certainty Act (BRCA) being included in the latest version of the CLARITY Act.

If you… https://t.co/5HNLAg77XX

— Eleanor Terrett (@EleanorTerrett) June 9, 2025

Still, some groups have expressed criticism. For instance, the former CFTC Chair Timothy Massad has expressed doubts stating that the bill might favor technological changes ahead of important regulatory goals. Massad explained that the CLARITY Act begins with the technology and tries to make it more accessible for investors, but he reminded that it could weaken the crypto regulations already in place for securities and derivatives. 

“The Clarity Act seems to start with the technology and ask, what do we need to do to make it easier for people to invest in this technology? But the strength of our securities and derivatives laws lies in the fact that we have traditionally focused on regulatory goals, and provided regulators with the flexibility to respond to changing conditions,” Massad claimed. 

What Comes Next for the New Bill

Even though the CLARITY ACT has bipartisan approval, its progress in Congress has yet to start. The markup session set to happen today may bring about significant changes, just like how the Congress revised the GENIUS Act before proceeding.

Over the next few weeks, industry players, lawmakers, and regulatory bodies will focus on how the bill progresses towards approval. If passed the way it stands or in an amended state, the CLARITY Act would be one of the most important crypto regulations in the United States.