Clarity Act's Fate Hangs in Balance as Congress Prepares for Vote

The fate of the Clarity Act, a major US regulatory bill backed by former President Trump, remains uncertain as Congress prepares for a key vote on September 15. The legislation aims to establish rules for digital assets and divide regulatory responsibilities between the SEC and CFTC.

Under the proposed law, registration and anti-money-laundering requirements would be strengthened. Crypto-backed groups spent over $200 million during the 2024 election cycle seeking friendlier regulation.

While the SEC and CFTC have adopted more accommodating approaches under Trump's leadership, executives emphasize the importance of formal legislation for long-term certainty and investment.