US Senate · US Congress · CLARITY Act · New York · White House · France · Bitcoin Magazine
Congress Schedules CLARITY Act Hearing for July 17 in New York
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Congress has scheduled a July 17 hearing in New York on the CLARITY Act as momentum builds for the crypto market structure bill.
Key facts
- The House Financial Services Committee has scheduled a hearing on the Digital Asset Market Clarity Act (H.R. 3633) for July 17 in New York
- Galaxy Research currently estimates a 60–75% chance the bill becomes law in 2026, projecting a possible presidential signature during the week of August 3
- By June 1, the bill landed on the Senate Legislative Calendar under General Orders (Calendar No. 423), making it formally eligible for full Senate floor consideration
- The House had already passed an Anti-CBDC measure alongside its GENIUS Act vote, and an earlier version of the housing legislation cleared the House 390-9 in February
Summary
The House Financial Services Committee has scheduled a hearing on the Digital Asset Market Clarity Act (H.R. 3633) for July 17 in New York. First introduced and House Financial Services Chairman French Hill on May 29, 2025, the CLARITY Act is the most significant attempt yet to build a durable regulatory framework for digital assets in the United States. Its central mechanism is a jurisdictional division: the Commodity Futures Trading Commission (CFTC) would receive exclusive authority over spot markets for “digital commodities”, most notably Bitcoin, while the Securities and Exchange Commission (SEC) retains jurisdiction over digital assets that qualify as investment contracts. That split has been the source of years of industry frustration.