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House Passes CLARITY Act for Digital Commodity Regulation

New York PostJuly 17, 20252 min3,332 views
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CLARITY Act Passage

  • πŸ—³οΈ The House of Representatives has passed the CLARITY Act with a vote of 294-134.
  • πŸ“œ The bill, identified as Senate 1582, aims to establish a regulatory framework for digital commodities.

Regulatory Framework for Digital Commodities

  • βš–οΈ The CLARITY Act proposes to define regulatory responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC).
  • πŸ’‘ This legislation specifically addresses the regulation of digital commodities, including payment stablecoins.
  • ⏱️ The vote was conducted electronically and was a five-minute roll call vote.
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CLARITY ActDigital CommoditiesBitcoinSECCFTCPayment StablecoinsRegulationHouse of RepresentativesSenate 1582
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