Bill Barhydt, CEO of digital asset platform Abra, is betting that the Digital Asset Market Clarity Act will make it through Congress. And he’s not being subtle about why it matters.
On June 8, Barhydt called the legislation a “net positive” for Americans, arguing that the bill represents the best chance in years to drag US digital asset regulation out of frameworks built nearly a century ago. His core point: outdated laws have been pushing crypto innovation offshore, and the CLARITY Act could reverse that trend.
What the CLARITY Act actually does
The CLARITY Act, formally known as H.R. 3633, was introduced on May 29, 2025. It passed the House on July 17, 2025, with a bipartisan vote of 294-134.
The act draws clearer boundaries between the SEC and the CFTC when it comes to overseeing digital assets. It defines what qualifies as a “digital commodity” and establishes registration protocols for intermediaries, the exchanges and platforms that sit between users and markets.
