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U.S. Digital Asset Regulation Is About to Reach a Turning Point: The CLARITY Act Gains Bipartisan Support and Enters a Critical Legislative Stage

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ME News Report, May 28 (UTC+8), during a recent Senate Banking Committee hearing, significant progress was made on the Digital Asset Market Clarity Act (referred to as the "CLARITY Act"), with the bill passing with a vote of 15 to 9 to enter the full Senate for consideration. Several bipartisan lawmakers emphasized the urgent need for the United States to establish a unified regulatory framework covering digital assets, to clarify asset classification, trading platform regulation, and market structure rules, thereby providing long-term certainty for the industry. During the discussion, Angela Alsobrooks pointed out from a family perspective that younger generations show a natural interest in digital assets, and the regulatory system should strike a balance between "opportunity and protection" to prevent technological development from diverging from regulatory constraints; Tim Scott stressed the importance of legislation driven by economic opportunity and the American Dream, while Cynthia Lummis stated that the legislative process has already demonstrated a clear bipartisan cooperation foundation. Supporters believe that digital assets have become an irreversible trend; currently, about 68 million Americans hold related assets, but a large volume of transactions still occurs on overseas platforms. The U.S. urgently needs to establish a domestic regulatory system to improve market transparency and investor protection. Analysts note that the CLARITY Act is seen as a key supplement following legislation related to stablecoins (the GENIUS Act). Without supporting rules at the market structure level, the U.S. could lose its leading position in digital financial infrastructure competition. As the bill advances to the full Senate stage, there is widespread concern whether it can achieve final legislation based on bipartisan consensus to establish the core rules for the U.S. digital asset regulatory framework. (Source: ChainCatcher)
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