US Congress introduces the CLARITY Act for digital assets
Summary
The "Digital Asset Market Clarity Act of 2025" has been introduced by US Representative French Hill, with bipartisan support, including three Democratic co-sponsors. The bill aims to clarify the oversight roles of the SEC and CFTC regarding digital assets. It mandates developers to provide detailed disclosures about project operations, ownership, and structure. Customer-facing firms like brokers and dealers must adhere to new compliance requirements, including clear customer disclosures, asset segregation, and conflict of interest mitigation through strict registration and transparency standards. The bill emphasizes consumer protection and American innovation in the digital asset ecosystem.
