CLARITY Act Advances in House, Sparks Industry Debate Over Regulatory Clarity

The House Financial Services Committee’s CLARITY Act has passed its first markup, marking a significant step toward increased regulatory clarity for digital assets. However, the bill’s passage has sparked debate within industry circles and among market participants regarding potential implications for the sector.   While bipartisan support is evident, varying perspectives on new regulations continue to shape the conversation. The act aims to clarify SEC and CFTC jurisdiction over digital assets by addressing concerns over regulatory uncertainty.