U.S. CLARITY Act Proposes Split of SEC and CFTC Oversight Over Digital Assets

The Digital Asset Market Clarity Act of 2025 (CLARITY Act) proposes a formal division of authority between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over digital assets, exchanges, disclosure rules, and market conduct, Cointelegraph reports. The bill would classify certain tokens as "digital commodities" whose value is tied to their underlying blockchain, assign the CFTC primary oversight of spot and secondary market trading for most compliant tokens, and keep the SEC in charge of primary issuances, disclosures, and investor protection. The U.S. House of Representatives passed the CLARITY Act (H.R. 3633) with bipartisan support in July 2025, and as of January 2026 it is under review in the Senate Banking, Housing, and Urban Affairs Committee, but has not yet received a final Senate vote.