The Digital Asset Market Clarity Act, known as the CLARITY Act (H.R. 3633), would formally divide oversight of digital assets between the SEC and the CFTC. Investment contracts would fall under the SEC’s purview, while digital commodities would land with the CFTC.
Where the bill stands now
The CLARITY Act has cleared several legislative hurdles that similar crypto bills never survived. It passed the House in July 2025, then cleared the Senate Banking Committee on May 14, 2026, with a bipartisan vote of 15-9.
Polymarket currently estimates a 67% probability of the bill passing in 2026.
Grayscale’s read on the implications
