On July 17, the U.S. House of Representatives began debating the CLARITY Act, a regulatory framework for digital commodities.
WATCH: @RepFitzgerald in support of the CLARITY Act:
“For too long innovators have been stuck in a regulatory gray zone caught between agencies and overlapping authority and subject to enforcement instead of clear rules. The uncertainty has driven jobs, investment, and… pic.twitter.com/FcGu9UHWi2
— Financial Services GOP (@FinancialCmte) July 17, 2025
Rep. Scott Fitzgerald highlights the need for a regulatory framework, saying, “For too long, innovators have been stuck in a regulatory gray zone caught between agencies and overlapping authority and subject to enforcement instead of clear rules. The uncertainty has driven jobs, investment, and innovation offshore, while leaving American consumers exposed. The CLARITY Act fixes this.”
This follows the Republican-controlled House’s first approval of crypto legislation on Wednesday, after President Donald Trump, furious, personally pressured GOP holdouts opposing it.
However, the ongoing debate is happening on the CLARITY Act of 2025.
CLARITY Act: A Major Victory for Regulatory Oversight
The CLARITY Act is a comprehensive 236-page bill currently under review in the US Congress. Introduced by Congressman French Hill, this bipartisan bill represents a significant effort to establish clear, nationwide regulations for the cryptocurrency industry in the US.
Currently, the US lacks clear rules and regulations for digital assets, which creates uncertainty for businesses and investors. For a long time, there has been a big question: whether a cryptocurrency is classified as a security (regulated by the SEC) or a commodity (regulated by the CFTC). This often leads to confusion and legal challenges for both regulators and innovators.
The official document states that this bill clears the path for a clear regulatory framework for digital commodities. The bill empowers the Commodity Futures Trading Commission to regulate digital commodity transactions, including digital commodity exchanges, brokers, and dealers.
The official document reads: “To qualify for trade on an exchange (1) a digital commodity’s blockchain must be mature, or on a blockchain system that has achieved decentralized control as defined by the bill; or (2) the issuer of the digital commodity must file certain reports. The bill establishes requirements for trade monitoring, recordkeeping, and the commingling of customer assets.”
After initial denial, the US House of Representatives has finally approved H.Res. 580, moving forward with critical votes on three major crypto legislation, including
- The CLARITY Act
- GENIUS Act
- Anti-CBDC Bill
POTUS has been a big vocal advocate for clear crypto regulation, and he affirmed that clear guidelines will make America the Crypto Capital of the world.
“This is our moment – Digital Assets, GENIUS, Clarity! It is all part of Making America Great Again, BIGGER AND BETTER THAN EVER BEFORE,” President Trump said.
Also Read: PayPal Launches PYUSD on Arbitrum with New Rewards Program
