The U.S. Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a field hearing on the CLARITY Act, with Subcommittee Chairman Bryan Steil arguing in prepared opening remarks that the bill would create a clear and workable U.S. regulatory framework for digital assets. He framed the measure as a way to replace regulation by enforcement with defined rules intended to support innovation while protecting consumers and investors. Steil said the hearing comes after nearly a decade of work by the House Financial Services Committee and the House Agriculture Committee on a durable framework for digital assets. He linked the effort to the House’s passage of the CLARITY Act one year earlier and said the hearing would hear from market participants building digital asset businesses on why they view the legislation as necessary. The remarks identified Senate consideration of the CLARITY Act as the next step.
U.S. Financial Services Committee2026-07-17
U.S. Financial Services Committee holds field hearing on CLARITY Act as Senate consideration approaches
The U.S. Financial Services Committee held a field hearing on the CLARITY Act, with Chairman Bryan Steil arguing that it would replace regulation by enforcement with a clear framework for digital assets. He presented the bill as the product of nearly a decade of congressional work and pointed to Senate consideration as the next step.