The U.S. House Agriculture Committee voted in favor of the ‘Digital Asset Market CLARITY Act,’ a significant step towards providing clearer regulatory guidelines for the cryptocurrency industry. The bill passed with 47 votes in support and just 6 opposed, signaling a decisive movement towards establishing regulations in this dynamic space. Lawmakers from across different parties participated in the hearing held at the Rayburn House Office Building, sparking discussion on the proper allocation of responsibility within the digital landscape. The CLARITY Act aims to address a critical question: who should oversee cryptocurrency activities? It will establish clear lines between digital commodities and securities, assigning the Commodity Futures Trading Commission (CFTC) authority over crypto assets deemed as commodities, while the Securities and Exchange Commission (SEC) retains responsibility for managing crypto assets categorized as securities. This decision paves the way for a more structured approach to regulating the cryptocurrency market.