U.S. House clears CLARITY Act – How will this impact crypto policies?

Key Points

1. The CLARITY Act received strong bipartisan support with 294 'YES' votes against 134 'No' votes, including favorable votes from 78 Democrats.

2. The bill seeks to clearly define digital assets, assigning securities to the SEC and decentralized crypto assets to the CFTC, while exempting DeFi and early-stage crypto projects from certain regulations.

3. Supporters view the bill as a significant shift from previous regulatory approaches, aiming to position the U.S. as a leader in the global digital asset industry.

4. Critics, including former CFTC chair Timothy Massad, argue the bill lacks clarity in DeFi oversight and could leave investors vulnerable to risks in an already problematic space.

5. The bill's future now depends on Senate approval and potential signing by President Trump.