US Senator Cynthia Lummis recently expressed optimism regarding the progress of the regulatory framework for the country’s cryptocurrency industry.
The official said the country is close to passing bipartisan legislation that, in her words, “will stand the test of time.”
Central to this expectation is HR3633, known as the CLARITY Act of 2025 (Digital Asset Market Transparency Act). this seeking to define the powers of regulatory bodies; About the Bitcoin market and other digital currencies.
After years of challenges, including the collapse of platforms such as FTX, market volatility, and the veto of Resolution SAB121, Lummis said: Congress has made great progress.
“We have come a long way and are close to passing bipartisan legislation that will stand the test of time,” Lummis stressed.
The bill proposes that the Commodity Futures Trading Commission (CFTC) regulate trading in digital assets that are considered commodities. Meanwhile, the Securities and Exchange Commission (SEC) Maintain jurisdiction over certain activities With alternative trading systems.
According to Congress’s official tracker: This proposal has already been approved by the House of Representatives. Currently he is a senator.
After being read aloud and sent to the Banking, Housing and Urban Affairs Committee, the next important step is approval by that committee. If the committee verifies the text, It could be sent back to the full Senate for a final vote.
The CLARITY Act provides that digital assets operating on “mature” or decentralized blockchains can be exempt from certain registration with the SEC. But as long as you comply with transparency requirements and annual sales limits.
The framework, to be discussed on January 15, aims to provide the legal clarity necessary for institutions to operate Bitcoin under clear custody and anti-money laundering rules, CriptoNoticias reports.