Lawmakers Introduce the CLARITY Act
House lawmakers formally introduced the Digital Asset Market Clarity Act, creating the legislative vehicle that would later pass the House and shape the 2025 U.S. market-structure debate.
On May 29, 2025, House Financial Services Committee Chairman French Hill and a bipartisan group of lawmakers formally introduced the Digital Asset Market Clarity Act, or CLARITY Act. The bill followed an earlier discussion draft and joint committee work on how federal law should divide responsibility for digital-asset markets.
The proposal was not Bitcoin-specific, but Bitcoin sat squarely inside the market structure it sought to regulate. The bill addressed digital-commodity trading, intermediaries, exchanges, registration, and the division of authority between the Securities and Exchange Commission and Commodity Futures Trading Commission. Those rules would shape how Bitcoin and other qualifying digital assets could trade inside the regulated U.S. financial system.
May 29 marked the formal legislative-origin stage rather than enactment. The bill later moved through committee and passed the House during July’s “Crypto Week.” The two stages reflected different developments: May created the formal legislative vehicle, while July showed that the proposal had advanced far enough to win House passage.