Summary
On September 14, the US Senate released the final text of the Digital Asset Market Clarity Act (CLARITY Act) through Senators Lummis, Boozman, Scott and others, scheduling a September 15 cloture procedural vote requiring 60 votes to advance. The final version incorporates 126 Democratic-requested a…
Key points
- This is the closest US crypto market structure legislation has come to taking shape, letting readers judge the actual division of labor between the SEC and CFTC, registration obligations for firms, and developer risk.
- If passed, the CLARITY Act would establish the first federal market structure framework for US spot digital assets, directly determining compliance costs for exchanges, issuers, and DeFi developers.
- Exchanges, wallet providers, and DeFi teams need to re-inventory registration, custody, and disclosure processes based on the text, while investors should watch the risk of a vote delay until after the midterms.
- The bill continues the bipartisan foundation of the 2022 Gillibrand-Lummis Responsible Financial Innovation Act and previously passed the Banking Committee 15-9 in May 2026.
Editorial note
This page is Code & Chain's editorial summary of public sources. It may be prepared with AI assistance and published through an automated workflow. Refer to the original sources; this content is not investment, legal, or tax advice.