Senate Republicans Release CLARITY Act Fact Sheets

"After months of legislative negotiation and industry scrutiny, the Digital Asset Market CLARITY Act is moving toward a critical juncture on Capitol Hill this week as Senate committees align timelines and prepare some key markups that could finally break the deadlock on U.S. crypto regulation. The Senate Banking Committee released an amended draft of the CLARITY Act ahead of a scheduled markup and amendment debate, while the Senate Agriculture Committee set its own markup for late January."

"Lawmakers backing the bill argue the absence of statutory clarity has pushed activity offshore and left both investors and national security exposed. Republicans tout consumer protection, security, and clarity in the CLARITY Act According to the fact sheets, the CLARITY Act would establish enforceable rules distinguishing which digital assets fall under securities law and which qualify as commodities, formally dividing oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. One section emphasizes consumer protection, stating the bill strengthens disclosure requirements, preserves existing anti-fraud authorities, and limits insider abuse. Digital asset issuers subject to the framework would remain bound by resale restrictions and anti-evasion rules, while fraud would continue to be illegal and fully enforceable by regulators."

Senate committees are aligning schedules as the Digital Asset Market CLARITY Act approaches key markups, with the Senate Banking Committee releasing an amended draft and the Agriculture Committee scheduling its own markup. Republicans on the Banking, Housing, and Urban Affairs Committee published fact sheets framing the bill as a comprehensive federal framework to strengthen investor protections and address illicit finance. The legislation would delineate which digital assets are securities versus commodities and allocate oversight to the SEC and CFTC. Provisions would tighten disclosure rules, preserve anti-fraud authorities, limit insider abuse, and maintain resale and anti-evasion restrictions.

Read at Bitcoin Magazine