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Digital Asset Market CLARITY Act

U.S. crypto market-structure bill that splits digital-asset oversight between the SEC and CFTC. It passed the House in 2025 and moved to the Senate.

Known aliases

  • CLARITY Act

Current stories

investConfirmed9 publishers

Prediction markets get a seat at the crypto table, not the gambling one

Kalshi and its investor Paradigm sat with Coinbase, Ripple and Chainlink at the White House, one day before the CFTC's new advisory committee met. The seating chart is the substance.

Perspective Coverage

9 publishers
Builder
Builder 19%
Operator
Operator 38%
Investor
Investor 43%

Reality

Evidence60
Adoption
Not scored
Hype gap+35
Incentives65
Confidence55
investConfirmed4 publishers

Zcash's policy group registers a single lobbyist against a $750,000 first-year budget

Pretty Good Policy for Zcash has registered Divij Pandya as its sole Washington lobbyist on a $750,000 first-year budget. The move takes Zcash's policy work out of developer lab ZODL and puts it in a separate group that looks to Zcash Community Grants for its money.

Perspective Coverage

4 publishers
Builder
Builder 26%
Operator
Operator 46%
Investor
Investor 28%

Reality

Evidence72
Adoption
Not scored
Hype gap+12
Incentives55
Confidence70
investConfirmed2 publishers

Token buybacks on working crypto networks fall outside the Howey test, SEC staff say

SEC staff said on September 25 that token buybacks on functioning networks and staking receipts that only record ownership do not create investment contracts. Because they are staff views, live networks can plan repurchases around them while a future SEC or a private plaintiff could still contest them.

Reality

Evidence68
Adoption45
Hype gap+30
Incentives50
Confidence70
investConfirmed3 publishers

Kristin Smith will run the Blockchain Association while still leading Solana's policy institute

Kristin Smith becomes the Blockchain Association's interim CEO on October 17 and keeps her job as president of the Solana Policy Institute. The industry-wide group will share its chief executive with one chain's lobby while the Clarity Act sits stalled in the Senate.

Perspective Coverage

3 publishers
Builder
Builder 13%
Operator
Operator 45%
Investor
Investor 42%

Reality

Evidence72
Adoption
Not scored
Hype gap+15
Incentives60
Confidence70
investOne report1 publisher

Curtis asks Grassley and Durbin to subpoena Trump Jr. over the family's crypto ventures

Senator John Curtis wants the Judiciary Committee to compel testimony from Donald Trump Jr. and Hunter Biden over their family business dealings. Durbin backed the request, though a subpoena still needs Grassley.

Reality

Evidence45
Adoption
Not scored
Hype gap+25
Incentives60
Confidence50
investOne report1 publisher

The Clarity Act's 126 Democratic concessions bought zero Democratic votes

The Senate blocked the Digital Asset Market Clarity Act 49-50 after a final draft absorbed 126 changes the Democratic caucus had asked for, and every Democrat and independent still voted against proceeding.

Reality

Evidence45
Adoption
Not scored
Hype gap+25
Incentives60
Confidence40
investOne report1 publisher

CLARITY needs seven Democrats even if all four Republican holdouts come back

Cloture on H.R. 3633 failed 49-50 on Sept. 15 with every yes vote Republican. Add the four Republican noes back to the yes column and the count reaches 53, still seven short of the 60 the Senate requires.

Reality

Evidence62
Adoption68
Hype gap+15
Incentives60
Confidence58
investOne report1 publisher

Crypto's market-structure bill finished eleven votes short of the Senate's 60

The Digital Asset Market Clarity Act lost 49-50 on September 15. Coinbase fell 12% and Circle 13% the same day, at the end of an election-cycle lobbying effort cryptobriefing estimates at $100m to $225m.

Reality

Evidence28
Adoption18
Hype gap+34
Incentives68
Confidence32
investOne report1 publisher

Twelve points of Clarity Act odds cost bitcoin at least $1,586 before the cloture vote

Polymarket took the Clarity Act from about 14% to nearly 30% and back to 18%, and bitcoin's $79,586 high on September 14 unwound below $78,000 by the next morning. The down leg values full passage near 14%.

Reality

Evidence35
Adoption20
Hype gap+35
Incentives60
Confidence40
investOne report1 publisher

Coinbase's 8% jump prices full Clarity Act passage at about a 47% move

Senate Republicans put out a revised 635-page crypto bill, Polymarket's odds of 2026 passage roughly doubled to 30%, and Coinbase rose 8% on Monday. That move implies a number for what traders think the statute is worth.

Reality

Evidence34
Adoption
Not scored
Hype gap+28
Incentives68
Confidence38
investOne report1 publisher

CFTC starts drafting crypto rules from authority it already has, because the Clarity Act is stuck

Chairman Michael Selig has told staff to work out what existing authority can carry. His innovation committee's first meeting produced no rule text and one candid caveat about enforcement.

Reality

Evidence38
Adoption14
Hype gap+24
Incentives74
Confidence44
investOne report1 publisher

Storm's reductio: if the DOJ theory catches him, it catches OpenAI and Google

Roman Storm says the theory that convicted him would also reach Google and OpenAI. It is a post, not a brief, and the count he was convicted on is the one his analogy fits worst.

Reality

Evidence24
Adoption
Not scored
Hype gap+42
Incentives78
Confidence38