The crypto industry’s longest-running complaint, that the US has no coherent rules for digital assets, is inching closer to a resolution. The House Financial Services Committee’s Subcommittee on Digital Assets has scheduled a hearing for July 17 to examine how the CLARITY Act can promote financial innovation.
The hearing comes roughly a year after the bill cleared the full House with a bipartisan vote of 294 to 134.
What the CLARITY Act actually does
The Digital Asset Market Clarity Act of 2025, formally designated H.R. 3633, attempts something Washington has struggled with since Bitcoin first made regulators nervous: deciding who’s in charge.
The bill proposes splitting digital asset oversight between the SEC and the CFTC based on what a token actually is. Digital commodities, think Bitcoin and Ethereum, would fall under CFTC jurisdiction. Investment contract assets, tokens that function more like traditional securities, would remain under the SEC’s watch.
