The CLARITY Act is the most important crypto law in the US, and the next 6 weeks will decide if it passes or gets delayed for years.
Key Points
Key Highlights:
- The bill defines crypto clearly:
Key Highlights:
- Commodities (BTC, ETH, etc.) → CFTC
- Securities → SEC
- Stablecoins → separate category
- Creates a single federal framework, replacing state-by-state rules
- Allows projects to evolve from securities to commodities as they decentralize
- Timeline is critical:
Key Highlights:
- April → key Senate markup
- May 21 → final deadline before politics take over
- Biggest issue was stablecoin yield, now mostly resolved:
Key Highlights:
- No passive yield
- Activity/DeFi yield likely still allowed
- Strong support from both Wall Street (Nasdaq) and crypto industry
- Remaining risks:
Key Highlights:
- DeFi rules unclear
- Political delays could kill the bill
Final Takeaway
If CLARITY passes in the next 6 weeks, it sets the legal foundation for crypto in the US. If not, the whole process resets and gets delayed until at least 2027.
