House Agriculture Committee Advances Landmark Crypto Regulation Bill Towards Full House Vote

This move comes despite previous political complexities, reportedly including those related to President Donald Trump’s interests in the sector, and sets the stage for the full House to consider the comprehensive legislation.

On Tuesday, the House Agriculture Committee approved the Digital Asset Market Clarity Act, or “Clarity” for short, with an overwhelming bipartisan vote of 47 to 6. This bill is designed to provide much-needed regulatory clarity by specifically delineating the oversight roles of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) within the digital asset space.

Concurrently, the House Financial Services Committee is also scheduled to vote on its respective section of the bill on the same day. Both committees have been actively debating their parts of the proposed legislation. Should the Clarity Act successfully pass out of both committees, their individual bills will be merged into a single, comprehensive piece of legislation, as confirmed by a Republican aide. Following this consolidation, the unified bill will proceed to a vote by the full House of Representatives.

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Beyond defining regulatory jurisdictions, the Clarity Act also mandates enhanced consumer protections. It requires digital asset firms to provide explicit disclosures to their customers and, crucially, to segregate customer funds from their operational capital, aiming to prevent commingling and increase investor security.

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