CLARITY Act
Updated
What it is
The CLARITY Act (H.R. 3633) is a U.S. bill to write federal rules for crypto markets. It would split oversight between the SEC and the Commodity Futures Trading Commission and give the CFTC new powers over crypto spot markets. The House passed it 294–134 in July 2025.
Why it matters lately
On September 15, 2026 the Senate failed, 49–50, to reach the 60 votes needed to take up the bill, after months of disputes over ethics rules and other provisions. That leaves U.S. crypto market structure governed by agency guidance, including the SEC's March 17, 2026 classification framework, at least until a new Congress convenes in January 2027.
Asymmetric Analytics view
Inference (AA): It is the legislative node that determines how U.S. law classifies the crypto assets in the graph.