Crypto market structure bill passes US House

Key Points

1. The CLARITY Act passed in a 294-133 vote, with 78 Democrats voting in favor.

2. The bill divides regulatory authority: the CFTC oversees commodities, and the SEC handles securities.

3. Some industry critics argue the bill lacks sufficient consumer protections and clarity on decentralization.

4. The DeFi Education Fund noted the bill does not fully close regulatory gaps, such as inconsistent state laws.

5. Supporters, including Democrat Sydney Kamlager-Dove, emphasize the need for regulatory clarity in the crypto market.