U.S. Senate Committee on Banking, Housing and Urban Affairs Republicans publish four fact sheets on the Digital Asset Market CLARITY Act ahead of markup

Republicans on the U.S. Senate Committee on Banking, Housing and Urban Affairs released four fact sheets on the Digital Asset Market CLARITY Act, positioning it as a market structure framework that would bring digital assets into a tailored U.S. regulatory system with investor-protection measures, clearer supervisory lines, and strengthened tools to address illicit finance. Across the fact sheets, the bill is described as strengthening disclosures, preserving anti-fraud authorities, limiting insider abuse, and promoting coordinated oversight and financial literacy for retail participants. It would also draw a bright line between Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) jurisdiction and establish a tailored disclosure regime intended to support capital raising while reducing market manipulation. For decentralized finance (DeFi), the proposal would protect software developers and peer-to-peer activity while applying tailored risk-management, cybersecurity, and compliance standards to centralized intermediaries interacting with DeFi; centralized intermediaries would also be brought under an “appropriate sanctions framework” and law enforcement would receive new targeted tools to combat money laundering, terrorist financing, and sanctions evasion. The materials were published ahead of the Senate Banking Committee’s markup of the legislation.