{"id":31446,"date":"2025-06-12T01:46:52","date_gmt":"2025-06-12T01:46:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31446"},"modified":"2025-06-12T01:46:52","modified_gmt":"2025-06-12T01:46:52","slug":"lawmakers-push-new-crypto-rules-but-is-the-clarity-act-too-vague","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31446","title":{"rendered":"Lawmakers Push New Crypto Rules, But Is the CLARITY Act Too Vague?"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">A new bill <\/span><span data-preserver-spaces=\"true\">that aims to clean<\/span><span data-preserver-spaces=\"true\"> up crypto regulation in the U.S. is <\/span><span data-preserver-spaces=\"true\">charging<\/span><span data-preserver-spaces=\"true\"> through Congress.<\/span><span data-preserver-spaces=\"true\"> The CLARITY Act just cleared two key House committees with bipartisan support, setting the stage for a possible full vote. <\/span><span data-preserver-spaces=\"true\">It\u2019s designed to finally answer the question <\/span><span data-preserver-spaces=\"true\">that\u2019s<\/span><span data-preserver-spaces=\"true\"> been plaguing the industry for years: <\/span><span data-preserver-spaces=\"true\">Who\u2019s<\/span><span data-preserver-spaces=\"true\"> in charge, the SEC or the CFTC?<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But<\/span><span data-preserver-spaces=\"true\"> not <\/span><span data-preserver-spaces=\"true\">everyone\u2019s<\/span><span data-preserver-spaces=\"true\"> convinced this bill is the solution.<\/span><span data-preserver-spaces=\"true\"> Some Democrats are worried it might do the opposite of what the name suggests and actually open the door to more confusion, not less.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Two Committees, One Giant Leap<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The bill flew through the House Financial Services Committee <a class=\"general-link\" href=\"https:\/\/financialservices.house.gov\/news\/documentsingle.aspx?DocumentID=409764\" target=\"_blank\" rel=\"nofollow noopener nofollow\">with a 32\u201319 vote<\/a>, and the Agriculture Committee followed with a landslide 47\u20136. On paper, it <\/span><span data-preserver-spaces=\"true\">sounds like<\/span><span data-preserver-spaces=\"true\"> a win for clarity. <\/span><span data-preserver-spaces=\"true\">The CLARITY Act outlines when a digital asset is considered decentralized and who <\/span><span data-preserver-spaces=\"true\">gets to regulate what<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">The CLARITY Act is heading to the House Floor. <a href=\"https:\/\/twitter.com\/RepFrenchHill?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@RepFrenchHill<\/a> <a href=\"https:\/\/twitter.com\/RepBryanSteil?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@RepBryanSteil<\/a> <a href=\"https:\/\/t.co\/vI21f5D3WN\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/vI21f5D3WN<\/a><\/p>\n<p>\u2014 Financial Services GOP (@FinancialCmte) <a href=\"https:\/\/twitter.com\/FinancialCmte\/status\/1932651336807453019?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The big move here is handing the reins to the Commodity Futures Trading Commission for certain crypto tokens, pulling some oversight away from the SEC. <\/span><span data-preserver-spaces=\"true\">Supporters <\/span><span data-preserver-spaces=\"true\">think<\/span><span data-preserver-spaces=\"true\"> this will <\/span><span data-preserver-spaces=\"true\">give<\/span><span data-preserver-spaces=\"true\"> builders and investors the consistency they\u2019ve been <\/span><span data-preserver-spaces=\"true\">craving<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But there\u2019s a catch.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Loophole Worries: Decentralization or Just <\/span><span data-preserver-spaces=\"true\">Good Acting<\/span><span data-preserver-spaces=\"true\">?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Tucked inside the bill is a \u201cdecentralization test\u201d that\u2019s raising eyebrows. <\/span><span data-preserver-spaces=\"true\">Critics <\/span><span data-preserver-spaces=\"true\">say<\/span><span data-preserver-spaces=\"true\"> it <\/span><span data-preserver-spaces=\"true\">might<\/span><span data-preserver-spaces=\"true\"> be too easy for <\/span><span data-preserver-spaces=\"true\">big<\/span><span data-preserver-spaces=\"true\"> companies to <\/span><span data-preserver-spaces=\"true\">pretend<\/span><span data-preserver-spaces=\"true\"> they\u2019re decentralized, even if they\u2019re <\/span><span data-preserver-spaces=\"true\">really<\/span><span data-preserver-spaces=\"true\"> not.<\/span><span data-preserver-spaces=\"true\"> This could lead to a flood of projects gaming the system, the kind of slick maneuvering you\u2019d expect from Wall Street, not from blockchain builders.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Former CFTC Chair Timothy Massad was one of several voices raising concerns. He warned that the bill might <\/span><span data-preserver-spaces=\"true\">look like<\/span><span data-preserver-spaces=\"true\"> progress on the surface, but without strong coordination between regulators, it could backfire. <\/span><span data-preserver-spaces=\"true\">Massad argued that the SEC and CFTC should <\/span><span data-preserver-spaces=\"true\">work together<\/span><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">set<\/span><span data-preserver-spaces=\"true\"> joint rules <\/span><span data-preserver-spaces=\"true\">instead of duking it out<\/span><span data-preserver-spaces=\"true\"> in court or <\/span><span data-preserver-spaces=\"true\">letting<\/span><span data-preserver-spaces=\"true\"> companies slip through the cracks.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">A Battle for Regulatory Turf<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This bill is not just about rules. It\u2019s about who writes them. Right now, the SEC and the CFTC are often stepping on each other\u2019s toes. <\/span><span data-preserver-spaces=\"true\">The CLARITY Act <\/span><span data-preserver-spaces=\"true\">tries<\/span><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">clean that up<\/span><span data-preserver-spaces=\"true\"> by <\/span><span data-preserver-spaces=\"true\">giving more power to the CFTC<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">especially when it comes to treating tokens like<\/span><span data-preserver-spaces=\"true\"> commodities <\/span><span data-preserver-spaces=\"true\">instead of<\/span><span data-preserver-spaces=\"true\"> securities.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.16T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-684a30ceb0881\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">Backers of the bill <\/span><span data-preserver-spaces=\"true\">say<\/span><span data-preserver-spaces=\"true\"> the CFTC is more familiar with these <\/span><span data-preserver-spaces=\"true\">kinds<\/span><span data-preserver-spaces=\"true\"> of assets and will provide a more tailored approach.<\/span><span data-preserver-spaces=\"true\"> That could help speed up innovation and <\/span><span data-preserver-spaces=\"true\">cut back on<\/span><span data-preserver-spaces=\"true\"> legal uncertainty. <\/span><span data-preserver-spaces=\"true\">But<\/span><span data-preserver-spaces=\"true\"> it also risks sidelining investor protections if not handled <\/span><span data-preserver-spaces=\"true\">carefully<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Road to a Full Vote<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Now that the committees have given the green light, <\/span><span data-preserver-spaces=\"true\">the bill<\/span><span data-preserver-spaces=\"true\"> is headed toward a full House vote.<\/span><span data-preserver-spaces=\"true\"> Republicans are pushing hard, calling it a milestone for crypto innovation. <\/span><span data-preserver-spaces=\"true\">But<\/span><span data-preserver-spaces=\"true\"> Democrats want to pump the brakes and <\/span><span data-preserver-spaces=\"true\">tighten up<\/span><span data-preserver-spaces=\"true\"> the language around decentralization before anything <\/span><span data-preserver-spaces=\"true\">gets locked in<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The tension is real. The bill has momentum, but it also has gaps that need <\/span><span data-preserver-spaces=\"true\">plugging<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a>\u00a0<\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Why This Bill Actually Matters<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">If it passes, the CLARITY Act could finally draw a <\/span><span data-preserver-spaces=\"true\">line in the sand<\/span><span data-preserver-spaces=\"true\"> between different types of digital assets.<\/span> <span data-preserver-spaces=\"true\">That would give crypto developers, investors, and startups a <\/span><span data-preserver-spaces=\"true\">better<\/span><span data-preserver-spaces=\"true\"> understanding of <\/span><span data-preserver-spaces=\"true\">what<\/span><span data-preserver-spaces=\"true\"> rules apply to them and when.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But if the bill falls apart, regulators will likely go their own way. <\/span><span data-preserver-spaces=\"true\">SEC Chair Paul Atkins has already hinted that the agency will <\/span><span data-preserver-spaces=\"true\">keep<\/span><span data-preserver-spaces=\"true\"> moving forward, <\/span><span data-preserver-spaces=\"true\">whether or not<\/span><span data-preserver-spaces=\"true\"> Congress gets involved.<\/span><span data-preserver-spaces=\"true\"> That could leave the industry caught between clashing playbooks.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Keep Your Eye on This One<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Over the next few weeks, amendments will be <\/span><span data-preserver-spaces=\"true\">flying<\/span><span data-preserver-spaces=\"true\"> as lawmakers <\/span><span data-preserver-spaces=\"true\">try<\/span><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">fix the parts<\/span><span data-preserver-spaces=\"true\"> of the bill that critics <\/span><span data-preserver-spaces=\"true\">say<\/span><span data-preserver-spaces=\"true\"> are too <\/span><span data-preserver-spaces=\"true\">soft<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">Meanwhile, crypto firms and policy analysts will be <\/span><span data-preserver-spaces=\"true\">glued to<\/span><span data-preserver-spaces=\"true\"> the developments, hoping for a clear rulebook instead of <\/span><span data-preserver-spaces=\"true\">more<\/span><span data-preserver-spaces=\"true\"> legal <\/span><span data-preserver-spaces=\"true\">limbo<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Whatever happens, this is the most <\/span><span data-preserver-spaces=\"true\">serious<\/span><span data-preserver-spaces=\"true\"> crypto legislation Congress has <\/span><span data-preserver-spaces=\"true\">looked at<\/span><span data-preserver-spaces=\"true\"> in years.<\/span><span data-preserver-spaces=\"true\"> It\u2019s not just a regulatory fight, it\u2019s a battle over how the country treats one of the fastest-moving tech sectors out there. This one\u2019s worth watching.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The CLARITY Act just passed two House committees, aiming to define how crypto assets are regulated in the U.S. and who oversees them.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The bill shifts more authority to the CFTC, offering potential relief for crypto firms facing SEC uncertainty.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        A \u201cdecentralization test\u201d in the bill has sparked criticism, with fears that companies could abuse it to avoid tighter oversight.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Supporters say the Act promotes innovation and regulatory clarity, while critics warn it could weaken investor protections.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The bill now heads to a full House vote, with lawmakers debating whether it offers real reform or opens the door to new loopholes.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/legal\/lawmakers-push-new-crypto-rules-but-is-the-clarity-act-too-vague\/\">Lawmakers Push New Crypto Rules, But Is the CLARITY Act Too Vague?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new bill that aims to clean up crypto regulation in the U.S. is charging through Congress. The CLARITY Act just cleared two key House committees with bipartisan support, setting the stage for a possible full vote. It\u2019s designed to finally answer the question that\u2019s been plaguing the industry for years: Who\u2019s in charge, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31446","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31446"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31446\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}