Washington is finally doing something about crypto regulation, and Bitcoin is noticing. Crypto markets have started moving again after months of sideways action, with the catalyst being renewed signals from Treasury Secretary Scott Bessent that the Digital Asset Market Clarity Act is on a real legislative timeline.
Bessent has been vocal about urgency, pushing for Senate passage this summer before the August recess. Hearings are scheduled around the week of July 20, which means the window is narrow and the pressure is real.
What the Clarity Act actually does
The bill’s formal name is the Digital Asset Market Clarity Act, or the CLARITY Act, filed as H.R.3633. Here’s the core problem it solves: for years, Bitcoin, Ethereum, and essentially every other digital asset have existed in a regulatory no-man’s land between the SEC and the CFTC. The CLARITY Act draws a cleaner boundary, defining which assets fall under SEC oversight and which belong to the CFTC.
The House already passed the bill on July 17, 2025, by a vote of 294 to 134. That’s a comfortable bipartisan margin, not the kind of partisan squeaker that tends to die in the Senate.
