NewsUS Lawmakers Push Forward CLARITY Act to Define Crypto Rules for SEC and CFTC
Elena R11 Jun 20256 min read
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Quantivex Systems
Quantivex Systems is a cutting-edge Web3 technology company focused on building advanced infrastructure and analytics tools for the global cryptocurrency ecosystem. Founded in 2022, the company specializes in crypto trading platforms, decentralized finance (DeFi) solutions, and high-performance API services that empower developers, traders, and institutions.
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Elena Sinelnikova Elena Sinelnikova at Metis DAO Elena Sinelnikova is a Canadian entrepreneur, blockchain expert, software engineer, and supporter of women in technology. She was a co-founder of Metis, a Layer 2 scaling solution for Ethereum, and CryptoChicks, an international nonprofit aimed at providing blockchain education to women. Elena made her career in enterprise software development for government and law enforcement sectors after earning a Master's in Computer Science from the National Research University of Electronic Technology. Quick Facts Full name Elena Sinelnikova Birth Canada Nationality Canadian Education Masters in Computer Science Husband/Partner Andrei Sinelnikova Net worth Estimated in millions Experience Established CryptoChicks with the aim of promoting blockchain in the year 2017 Co-founded MetisDAO, focusing on Ethereum Layer 2 scaling solutions. Led CryptoChicks to expand into over 56 countries. Recognized as a leading female figure in Canada's fintech and blockchain sector in 2021. EntrepreneurInvestorCrypto and Blockchain ExpertChief Executive Officer Justin Sun Justin Sun at thorchain Justin Sun is a popular figure in the crypto sector and a former diplomat and entrepreneur. He is the creator of the TRON blockchain DAO framework and holds a significant position within the cryptocurrency ecosystem. He represented Grenada at in Geneva at WTO. Furthermore, he provides mentorship to BitTorrent, Animoca, Poloniex, and various blockchain initiatives. In 2024, he contributed $30 million to World Liberty Financial, a cryptocurrency venture. Quick Facts Full Name Justin Sun Birth 30-07-1990 in Xining, Qinghai, China Nationality Chinese, Grenadian Education Peking University, University of Pennsylvania Marital Status Unmarried as of 2025 Net Worth $2B estimated Experience Founded the TRON organization in the year 2017. Acquired BitTorrent sharing with the TRON ecosystem in the year 2018.. Launched TRON's main net in the year 2018. Attained significant sales of TRX tokens in the year 2018. Initiated a strategic partnership to grow TRON in the year 2019. Advanced TRON with innovative projects in the year 2020. Recognized by Forbes in the crypto space in the year 2021. Expands TRON with NFT, DeFi, and Web3 initiatives in the year 2022. Advanced innovation to strengthen TRON's position as a leader in the year 2023. Invested $30 M in World Liberty Financial, a crypto initiative in the year 2024. EntrepreneurInvestorCrypto and Blockchain ExpertChief Executive Officer
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Today, the House Committees of Financial Services and Agriculture passed the bipartisan CLARITY Act (H.R. 3633), setting it for a full floor vote next. The financial committee advanced the measure with a 32-19 vote, agriculture committee passed it with a 47-6 vote.
Key highlights of the CLARITY Act
- It aims to resolve the longstanding jurisdiction conflict among the crypto regulatory agencies of the US by redefining the responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
- It establishes that certain crypto assets will be regulated as commodities under the CFTC, while others will remain securities and operate under the SEC.
- The CLARITY Act also offers limited liability protection for blockchain developers, excluding them from money transmitter regulations.
- It also established the disclosure, fund segregation, and conflict of interest rules to protect the investors from crypto fraud.
- Maintaining Decentralized Finance (DeFi), the act establishes consumer safeguards for non-custodial wallet providers and peer-to-peer crypto transactions.
Despite broad support CLARITY ACT faces criticism
Representative Maxine Waters voiced concerns while warning that certain provisions in the bill can lead to a conflict of interest. Her comment indicated the ties between political leaders and the crypto industry.
Brad Sherman stated that the bill could lead to industry bailouts and regulatory arbitrage. Former CFTC Chairman Timothy Massad called the CLARITY Act ‘complex’ while stating that the bill has expanded confusion rather than resolving the issues of crypto regulatory ambiguity.
CFTC will lead crypto regulations
- After becoming the primary crypto regulator, CFTC will oversee digital commodities, covering most cryptocurrencies and tokens traded on cash markets, including DeFi activities.
- It will mandate the activities of exchanges, brokers, and spot markets for non-security digital assets like Binance and Ethereum.
- It will also mandate stablecoin trade and custody on a commodity exchange, while the SEC’s role is limited to enforcing anti-fraud rules in stablecoin.
What’s next? Debate and vote on the CLARITY Act
After seeking approval from both committees, the CLARITY Act will proceed to the full House for votes and arguments. And if it is ultimately enacted, then it will become the first comprehensive law in the US for a crypto and digital assets regulatory framework. While the US Senate remains uncertain, the upper chamber works on enhancing digital asset law.
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FAQs
- The CLARITY Act will clarify roles by defining “digital commodities” (under CFTC oversight, including most cryptocurrencies and DeFi spot markets) and “investment contract assets” (under SEC, focusing on how assets are sold).
