The House Financial Services Committee on Financial Services advanced a bill that seeks to establish clear requirements for digital asset market participants.
The Digital Asset Market Clarity (CLARITY) Act (H.R. 3633) prioritizes consumer protection while fostering innovation and providing strong safeguards and regulatory certainty.
The bill advanced out of the committee on a bipartisan basis by a vote of 32-19. It now moves to the full House for consideration.
“Blockchain technology and digital assets are reshaping the future of American finance – one that includes a more secure, decentralized, and inclusive system. Congress has a historic opportunity to provide the clear regulatory framework needed to unlock this innovation. I am proud that the Financial Services Committee, along with the House Agriculture Committee, took this vital step in advancing the bipartisan CLARITY Act through our Committees. I thank my colleagues on both sides of the aisle for their support as this bill is one step closer to becoming law,” Rep. French Hill (R-AR), chairman of the Financial Services Committee, said.
The House Agriculture Committee also approved the same bill by a vote of 47-6.
“Today’s bipartisan votes advancing this bill out of our respective committees proves that the timing is ripe to advance common sense legislation that will finally bring certainty to the digital asset space. Working across the aisle and across the Capitol, we can get the CLARITY Act across the finish line and to the President’s desk,” Agriculture Committee Chairman GT Thompson (R-PA) said.