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The CLARITY Act, a major U.S. crypto regulation bill, is currently awaiting Senate approval after passing the House in 2025. Regulators and industry leaders warn that delaying the bill could cause the U.S. to lose its leadership in digital finance.
Top officials, including Scott Bessent, Paul Atkins, and Cynthia Lummis, are urging immediate action.
Treasury, SEC, CFTC, Urge Senate to Pass CLARITY Act
The bill that passed the House in July 2025 remains stuck in the Senate Banking Committee due to a debate over stablecoin yield rules. Treasury Secretary Scott Bessent said Congress has spent nearly five years trying to build a clear framework for crypto.
Recently, Coinpedia news reported that he warned that without clear rules, innovation is moving offshore, leaving U.S. developers and investors facing uncertainty.
He said, “It is time for BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk.”
Meanwhile, SEC Chair Paul Atkins says both the SEC and the CFTC are ready to implement the CLARITY Act as soon as the US Congress approves it.
CFTC Chairman Mike Selig says he couldn’t agree more with Bessent.
“Paul and I stand ready to implement CLARITY.”
Backing Treasury, Senator Cynthia Lummis said,
“This is the most pro-digital asset administration in United States history. It’s the right time to pass the Clarity Act.”
Why the CLARITY Act Matters for the Crypto Industry
The CLARITY Act matters because it will provide clear rules, reduce regulatory confusion, and keep crypto innovation in the U.S
The bill divides regulatory authority between the SEC and CFTC. Under the proposal, decentralized blockchain assets would fall mainly under CFTC oversight, while securities-like tokens remain under SEC jurisdiction.
The legislation would also introduce anti-money laundering requirements for exchanges and clearer compliance standards. Supporters argue this would reduce the confusion that has existed for years.
Industry leaders have also backed the push, Coinbase CEO Brian Armstrong said, “it’s time to pass” the bill.
Even Ripple CEO Brad Garlinhouse said progress is bigger than perfection.
If passed, the CLARITY Act may strengthen U.S. leadership in crypto and reduce offshore migration.
What Happens Next?
The Senate must now hold a markup and vote. Both the SEC and the CFTC leaders say they are ready to implement the framework immediately upon approval.
With bipartisan backing and growing industry support, the CLARITY Act now moves toward a critical Senate decision that could shape U.S. crypto regulation.