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The Clarity Act (Digital Asset Market Clarity Act of 2025) is a U.S. bill that creates a clear regulatory framework for cryptocurrencies and digital assets. congress.gov It splits oversight: • CFTC regulates decentralized “digital commodities” (e.g., Bitcoin). • SEC handles assets sold as securities/investment contracts. arnoldporter.com Key elements include rules for exchanges, customer fund protection, disclosures, DeFi safe harbors, and transitioning tokens from securities to commodities. It passed the House in 2025 and advanced in the Senate. a16zcrypto.com Goal: End regulatory uncertainty, protect investors, and support innovation.