#Digital Asset Market Clarity Act   Under the CLARITY Act, developers would be required to provide accurate and relevant disclosures detailing a project’s operation, ownership, and structure.

The bill also introduces new compliance requirements for customer-facing firms such as brokers and dealers, including clear disclosures to customers, segregation of customer assets from company funds, and mitigation of conflicts of interest through strict registration, transparency, and operational standards.
In addition, the Act establishes “comprehensive registration regimes” that would allow digital asset firms to legally serve customers in the US market.
“The CLARITY Act will deliver clear rules of the road that entrepreneurs, investors, and consumers deserve,” Representative Ritchie Torres said in a statement.
The bill emerged from the House Committee on Financial Services. The committee had previously worked on the FIT21 Act, which passed out of the House of Representatives but stalled in the Senate. Hearings for a market structure bill started initially in April within the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
Market structure and stablecoin bills have long been points of emphasis for Congress, which has sought to regulate the burgeoning crypto industry in the United States.
Representative Ro Khanna said in March that Congress “should be able to get” both a stablecoin bill and a market structure bill done this year. The stablecoin bill, known as the GENIUS Act, faces a full Senate vote after it passed a procedural vote earlier in May.
The Trump administration has pushed for the passing of the GENIUS Act, with Treasury Secretary Scott Bessent and Crypto Czar David Sacks both advocating for it publicly. The bill initially lost key support in May from Democrats protesting against US President Donald Trump’s crypto ties.