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CLARITY Act Passage Expected, Crypto Oversight Shift to CFTC
The CLARITY Act would transfer most digital asset oversight from SEC to CFTC. SEC commissioner says passage expected soon; Senate needs 60 votes by July 4.
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A U.S. Securities and Exchange Commission commissioner said the Digital Asset Market Clarity Act, known as the CLARITY Act, is expected to pass soon. The bill cleared the House and now sits on the Senate Legislative Calendar. If enacted, it would transfer oversight of most digital assets from the SEC to the Commodity Futures Trading Commission. The SEC would retain authority over what the bill calls "investment contract assets."
The shift redraws the regulatory map for crypto. Under current rules, the SEC treats many tokens as securities, requiring registration and disclosure. The CFTC focuses on fraud and manipulation in derivatives markets. The bill's supporters argue that moving most digital assets to the CFTC would cut compliance costs for projects that do not fit the investment contract definition. It would also bring crypto futures and options under one regulator, ending the jurisdictional friction that has slowed product launches. The CLARITY Act passed the House with bipartisan votes, suggesting broad support for the change.
The administration wants the bill enacted by July 4, 2026, according to a Bloomberg report. The Senate needs 60 votes to overcome a filibuster. Bipartisan negotiations are still underway. The commissioner's statement suggests leadership expects enough Republican and Democratic support to clear that bar, though nothing is locked in. The legislative calendar is crowded with other priorities.