Propose an edit: CLARITY Act

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Title Category One sentence summary Infobox, one "key: value" per line Article body, markdown, use [[wiki links]] and end with a ## References section

The CLARITY Act, formally the Digital Asset Market Clarity Act (H.R. 3633), is the United States crypto market structure bill and the most watched piece of legislation on [[crypto twitter]] in 2025 and 2026. It would decide, for the first time in statute, which digital assets are commodities under the CFTC and which are securities under the SEC.

## What it does

The bill sorts digital assets by a decentralization test. Assets on sufficiently decentralized networks, a group generally read to include Bitcoin, Ether, and [[Solana]], would trade under CFTC jurisdiction in spot and secondary markets, while early stage token sales structured as investment contracts would remain with the SEC under tailored disclosure rules. Stablecoins anchor to the GENIUS Act framework signed into law on July 18, 2025. Supporters frame it as ending regulation by enforcement; critics argue the maturity test is gameable and the consumer protections thin.

## House passage

The House passed the bill on July 17, 2025 by 294 to 134, drawing more than 70 Democratic votes during the stretch branded Crypto Week, making it the most comprehensive crypto framework ever to clear a chamber of Congress.

## Senate stall

The Senate spent 2026 producing its own versions and not voting. The Banking Committee advanced the bill 15 to 9 on May 14, 2026, largely along party lines, and it was placed on the Senate calendar on June 1, 2026, but it must still be reconciled with the Agriculture Committee's text, clear a 60 vote floor threshold, and then be squared with the House version. Negotiations snagged on Democratic demands for ethics, conflict of interest, and illicit finance provisions, disputes fed by the Trump family's own crypto ventures (see [[official trump]]). The chamber recessed in August 2026 without voting, though Majority Leader John Thune filed cloture on the motion to proceed on August 8, and a vote was scheduled for September 15, 2026, with observers warning that hopes of passage in 2026 were fading.

## Why CT cares

Every procedural headline moves markets, because the bill touches the existential question of which tokens can be listed, held, and launched in the United States without securities liability. Traders handicap its odds on [[prediction market]] venues, and "regulatory clarity" became a catch all bull thesis of the [[politifi meta]] era. For the trenches the stakes are indirect but real: a commodity classification for major chains is read as the legal foundation under everything built on top of them.

## References

- https://www.govtrack.us/congress/bills/119/hr3633
- https://clerk.house.gov/Votes/2025199
- https://cryptoforinnovation.org/the-clarity-act-what-happened-and-whats-next/
- https://www.lw.com/en/us-crypto-policy-tracker/legislative-developments
- https://www.coindesk.com/policy/2026/08/06/senate-won-t-vote-on-crypto-clarity-act-before-its-summer-break
- https://www.coindesk.com/policy/2026/08/08/u-s-senate-opens-first-stage-of-crypto-clarity-act-voting-to-give-bill-a-chance-next-month
- https://www.coindesk.com/policy/2026/08/05/here-are-the-possible-outcomes-for-clarity-right-now

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