The U.S. House Committee on Financial Services, led by Chairman French Hill, introduced the Digital Asset Market Clarity (CLARITY) Act, a bipartisan bill intended to establish a regulatory framework for digital assets in the United States. The legislation is co-sponsored by lawmakers from the House Financial Services and Agriculture Committees, including committee and subcommittee leaders. The bill is positioned as digital asset market structure legislation designed to set clearer “rules of the road” for businesses while strengthening oversight and consumer and retail investor protections, with supporters also pointing to protections for self-custody and the freedom to transact. The committee framed the proposal as building on earlier congressional work, including the House passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act in May 2024, an April 2025 market structure hearing, and a discussion draft and joint committee roundtable held in early May 2025; the bill text and supporting explanatory materials were published alongside the announcement.
U.S. Financial Services Committee 2025-05-29
U.S. House Committee on Financial Services introduces bipartisan Digital Asset Market Clarity Act to establish a federal regulatory framework for digital assets
The U.S. House Committee on Financial Services introduced the bipartisan Digital Asset Market Clarity (CLARITY) Act to establish a regulatory framework for digital assets. The bill aims to provide clearer guidelines, enhance oversight, and protect consumers and investors, while supporting self-custody and transaction freedom. It builds on previous legislative efforts, including the Financial Innovation and Technology for the 21st Century Act and recent market structure discussions.