The U.S. Financial Services Committee published Chairman French Hill’s opening statement for a committee markup of the CLARITY Act, a digital asset market structure bill intended to establish a regulatory framework for digital assets in the United States. Hill positioned the legislation as a response to longstanding regulatory uncertainty in the digital asset ecosystem. In his remarks, Hill said the CLARITY Act would draw clearer lines of jurisdiction between the Securities and Exchange Commission and the Commodity Futures Trading Commission to provide jurisdictional certainty, while also fostering innovation and protecting consumers. The markup agenda also included bills on smaller financial institutions, housing, and crowdfunding, including the Homebuyer Privacy Protection Act, the HUD Transparency Act requiring the Department of Housing and Urban Development Inspector General to testify annually before Congress, and an Amendment for Crowdfunding Enhancement and Small-business Support Act to expand access to capital for small businesses and startups.
U.S. Financial Services Committee 2025-06-10
U.S. Financial Services Committee marks up the CLARITY Act to set a U.S. regulatory framework for digital assets
The U.S. Financial Services Committee released Chairman French Hill’s statement on the CLARITY Act, aimed at establishing a regulatory framework for U.S. digital assets. The Act clarifies jurisdictional boundaries between the Securities and Exchange Commission and the Commodity Futures Trading Commission, addressing regulatory uncertainty while promoting innovation and consumer protection. The committee's agenda also included bills on financial institutions, housing, and crowdfunding.