CLARITY Act: New Steps in Digital Asset Regulation, What will it Mean?

Jakarta, Pintu News – The United States House of Representatives recently passed the CLARITY Act (H.R. 3633) with strong bipartisan support. The bill, which has successfully passed two major House committees, the Financial Services Committee and the Agriculture Committee, aims to end the regulatory uncertainty surrounding digital assets by defining clear roles for the SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission).

The Role of SEC and CFTC in Digital Asset Regulation

The CLARITY Act has been designed to provide clarity in the oversight of digital assets. The SEC will have the authority to determine whether or not digital tokens are securities, on a case-by-case basis. This is an important step given the ever-evolving digital asset market and the complexity of the products on offer.

On the other hand, the CFTC will continue to oversee commodities and derivatives related to digital assets, ensuring that the market operates in a transparent and fair manner. These two agencies, the SEC and CFTC, will work together to ensure that there are no loopholes that market participants can exploit to avoid regulation. This cooperation is expected to increase investor confidence and market stability, while also providing better protection for consumers and investors.

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Controversy over the SEC’s new powers

While the CLARITY Act has widespread support, there is one provision that raises concerns. This provision, dubbed the “Gensler-era provision”, gives the SEC the power to determine the security status of a digital token, even if the token has been publicly traded or has received prior approval.

It is feared that this will bring back the uncertainty that the law is supposed to eliminate. Critics argue that this provision could stifle innovation and growth in the digital asset industry. They worry that the SEC may overuse these powers, which will ultimately burden developers and companies with heavy and unnecessary regulation.

Push for Protection for Developers from Crypto Companies

As the CLARITY Act progresses towards a vote in the full House of Representatives, several crypto companies have urged that this legislation be expanded. Eight groups, including Uniswap, Jump, and Coin Center, have urged that the Blockchain Regulatory Certainty Act (BRCA) be included in this legislation.

They argued that the BRCA would provide stronger protections for developers, who are often caught in a complicated web of regulations. These protections are considered vital to ensure that the United States remains a center of innovation in blockchain technology. By providing legal certainty, developers can focus more on improving and developing their products without worrying about potential legal issues that may arise.

Conclusion

With the enactment of the CLARITY Act, it is expected that a more conducive environment will be created for growth and innovation in the digital assets industry. This move will not only strengthen the United States’ position as a global leader in financial technology, but will also provide greater safety and confidence for investors and consumers in the sector.

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Reference

• Blockchain Reporter. Clarity Act Wins Bipartisan Approval with SEC. Accessed on June 12, 2025
• Featured Image: PYMNTS