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The US House Financial Services Committee is set to review the CLARITY Act, a major crypto market structure bill that could redefine regulatory roles for the SEC and CFTC. The bill includes protections for blockchain developers and aims to clarify legal classifications for digital assets. Meanwhile, the Senate prepares to vote on the GENIUS Act, addressing stablecoin regulations.
- The CLARITY Act exempts non-controlling blockchain developers from money transmitter regulations, easing compliance burdens.
- The bill assigns clearer regulatory roles to the SEC and CFTC, addressing long-standing ambiguities in crypto oversight.
- Senate progress on the GENIUS Act signals momentum for stablecoin legislation, with a vote expected imminently.
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