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ARTICLE · 04 JUNE 2025

Congress Unveils Highly Anticipated Cryptocurrency Market Structure Legislation

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On 29 May 2025 the House Financial Services Committee (HFSC) and the House Agriculture Committee (Ag)...

United StatesFinance and Banking
Vivian K. Bridges
Vivian K. Bridges
Joshua Durham
Joshua Durham

On 29 May 2025 the House Financial Services Committee (HFSC) and the House Agriculture Committee (Ag) unveiled their highly anticipated cryptocurrency market structure legislation.

The committees introduced the Digital Asset Market Clarity (CLARITY) Act to establish "clear, functional requirements for digital asset market participants, prioritizing consumer protection while fostering innovation." The bill divides oversight over the digital assets market between the Securities and Exchange Commission (EC) and the Commodity Futures Trading Commission (CFTC).

HFSC Chair French Hill (R-AR) reportedly aims to have the Committee vote on this bill during its 10 June 2025 markup and to pass the legislation, along with stablecoin legislation, before Congress departs for its August recess.

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