U.S. lawmakers have taken a major step toward reshaping digital asset policy with the release of the CLARITY Act—a proposed crypto market structure bill that could redefine how tokens are regulated nationwide.
Unveiled by the Senate Banking Committee, the draft outlines a multi-agency framework that limits securities oversight while expanding the role of commodities regulators.
The bill classifies most digital assets as “ancillary” and not securities by default, signaling a shift in how secondary crypto transactions are treated. Still, it preserves flexibility for classifying certain activity under investment contract rules where applicable.
Responsibility would be shared between the SEC and CFTC, with the latter gaining broader authority. Meanwhile, the SEC would be required to adjust existing financial regulations to better fit crypto use cases, without compromising investor protection.
The legislation also addresses banking access, AML standards, custody rights, and disclosures—key points long demanded by industry participants. Its release follows closely behind the signing of the GENIUS Act by President Trump, who has also urged Congress to finalize crypto-focused legislation by September.
Senator Cynthia Lummis, a vocal supporter of blockchain policy reform, hailed the bill as a critical foundation for making the U.S. the global hub for crypto innovation.
Alongside the draft, the committee issued a formal request for stakeholder feedback, raising questions around exchange operations, custody models, illicit finance prevention, and whether platforms should be allowed to host both crypto securities and commodities simultaneously.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/new-crypto-bill-could-shift-power-away-from-the-sec/