What Is the CLARITY Act? The Crypto Bill That Could Reshape US Regulation, Explained - CryptoRank

The CLARITY Act is a proposed US crypto bill that, according to CryptoRank, could reshape how digital assets are regulated in the United States. Its central aim is to bring clarity to a question that has lingered for years: which crypto assets count as securities, and which fall under the purview of the Commodity Futures Trading Commission (CFTC) rather than the Securities and Exchange Commission (SEC). By drawing that line more explicitly, the bill seeks to reduce the regulatory ambiguity firms say has discouraged product launches and institutional participation in the US.

For markets, the relevance lies in how much of crypto's "uncertainty discount" stems from not knowing which regulator oversees a given token or activity. Clearer jurisdictional boundaries could affect listings, token classification, and compliance costs. Still, a bill is not law: it must pass both chambers of Congress and be signed by the president, and its text may change along the way.

What to watch: committee progress, amendments that alter the SEC–CFTC split, and any signals of bipartisan support. Those milestones, not the headline alone, will determine whether the CLARITY Act meaningfully changes the US regulatory landscape.