CLARITY Act Faces Critical September Vote as U.S. Crypto Regulation Hangs in the Balance

The Digital Asset Market Clarity Act is headed for an important moment in Washington as the US Senate prepares to take up the crypto market-structure bill after its August recess.

The bill passed the House in July 2025 in a 294-134 bipartisan vote, but its prospects in the Senate are less clear, with lawmakers expressing disagreement over the ethics, banking and anti-money laundering provisions.

The CLARITY Act would establish a federal framework for regulating digital assets. The bill would set the bounds of the jurisdiction of the SEC and CFTC and require registration of cryptocurrency exchanges, brokers and dealers.

The intent of the bill is to replace much of the current case-by-case approach to treating assets as digital commodities or digital securities with statutory criteria.