Coinbase CEO Brian Armstrong this morning on X stated that the House should pass the Digital Asset Market Clarity Act 《CLARITY Act》 next week, then send it to the Senate for review and to the President for signature, establishing a clearer regulatory framework for the US cryptocurrency industry. He wrote:
The United States is ready for cryptocurrencies.
Recently, Coinbase also launched a nationwide advertising campaign calling on Congress to pass the bill quickly. According to The Hill's report, the bill has received 47 votes in favor and 6 votes against during the committee review stage, showing clear bipartisan support.
Industry and Market Response: Expecting New Opportunities from Regulatory Clarity
Many analysts and crypto community users generally have a positive attitude towards the 'CLARITY Act'. User @AlvaApp on X pointed out that the bill is expected to "clear legal fog and encourage traditional financial funds to flow into the crypto market". At the same time, the industry generally believes that regulatory clarity will reduce overlapping jurisdictions of law enforcement agencies, lower compliance costs for businesses, and encourage innovation.
However, some observers warn that although the bill has bipartisan support, the final content and implementation details still need to be closely monitored. Some users also conservatively suggest waiting until the bill is fully passed before extensive promotion to avoid the risk of unmet expectations.
What is the 'CLARITY Act'?
The Digital Asset Market Clarity Act (CLARITY Act) was proposed by House Financial Services Committee Chairman French Hill on May 29, 2025, aiming to establish a comprehensive regulatory framework for the digital asset market.
The bill clearly defines the roles of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in digital asset regulation, and requires digital asset companies to provide disclosure information to customers and segregate customer funds. The CLARITY Act seeks to address regulatory gray areas in the digital asset market, promoting innovation while protecting consumers.
According to Armstrong, this bill is expected to end the long-standing regulatory uncertainty in the industry and promote innovation.
Blockchain Regulation Confirmed to be Included in CLARITY Act
On the other hand, the Blockchain Regulation Certainty Act (BRCA) was also incorporated into the CLARITY Act in June this year.
The BRCA Act was reintroduced by Representatives Tom Emmer and Ritchie Torres on May 21, 2025, as a bipartisan bill aimed at providing legal protection for non-custodial blockchain participants (such as software developers, miners, validators, wallet providers) from undue financial regulation.
The bill specifically stipulates that if blockchain participants do not control or custody customer funds, they should not be classified as "money transmitters", thus exempting them from related registration requirements and legal responsibilities. Based on FinCEN's 2019 guidance, the BRCA aims to promote blockchain technology innovation and prevent US technical talent and companies from moving overseas due to regulatory uncertainty.
