The CLARITY Act seeks to end regulatory uncertainty that pushes innovation to Singapore and Abu Dhabi

Regulatory uncertainty is pushing digital asset innovation to jurisdictions such as Abu Dhabi and Singapore. The Digital Asset Market Clarity Act of 2025, now being pushed by Treasury Secretary Scott Bessent and crypto industry leaders, seeks to end this by providing clear rules of the road for all digital assets. The legislation would clarify oversight between the Securities and Exchange Commission (SEC) and the CFTC, and include provisions to limit regulatory overreach on blockchain networks. The bill has cleared the House but has stalled in the Senate Banking Committee. Government officials and industry leaders, including Coinbase CEO Brian Armstrong and Ripple CEO Brian Garlinghouse, are urging lawmakers to pass the bill to position the US as a global hub for digital assets.