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CLARITY Act Heads to Senate After House Vote on Crypto Rules
House passed the CLARITY Act 294-134 on May 29, defining when tokens become commodities. The bill now heads to the Senate, where CFTC oversight would expand.
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The House passed the Digital Asset Market Clarity Act of 2025 on May 29, sending the bill to the Senate after a 294-134 vote. Rep. French Hill of Arkansas introduced the legislation, which aims to settle the long-running dispute over whether digital assets fall under SEC or CFTC jurisdiction.
The bill draws a line between securities and commodities using what it calls a “mature blockchain test.” Tokens that pass that test would be treated as commodities and fall under CFTC oversight. Intermediaries handling those tokens would need to register with the agency and follow anti-money laundering rules. The Act also bans federal officials from issuing or endorsing crypto assets.
Lawmakers folded ideas from earlier proposals, including the FIT21 and Blockchain Regulatory Certainty Act, into the new text. The House vote was bipartisan, with 294 in favor and 134 against.