Crypto Legislation Nears Key House Vote Amid Bipartisan Momentum

The U.S. House of Representatives is poised to vote on the Digital Asset Markets Clarity Act, a major crypto regulation bill expected to receive support from over 30 Democrats alongside the Republican majority. The vote, anticipated as early as Wednesday, marks a significant milestone for crypto industry advocates who have long demanded clear regulatory guidelines.

The Clarity Act would designate the Commodity Futures Trading Commission (CFTC) as the primary overseer of digital commodities like Bitcoin, while providing a framework for determining whether projects fall under the Securities and Exchange Commission (SEC) or CFTC jurisdiction. However, concerns remain. Critics from the decentralized finance (DeFi) sector argue that the bill’s “maturity test” could unfairly benefit established players and impose challenges on self-custody rights and innovation.

Despite industry optimism, Senate leaders are expected to draft their own version of the bill. The Senate’s stance could reshape the legislation, just as it did with the GENIUS Act—a stablecoin bill the House chose to adopt from the Senate version last week. Crypto lobbyists are closely watching the Senate Agriculture Committee, which is holding its first hearing on the issue.

Former President Donald Trump has thrown his support behind the legislative effort, framing it as a move to position the U.S. ahead of global competitors. Meanwhile, key crypto advocacy groups are urging a united industry front to push the bill forward.

A strong bipartisan vote in the House could create momentum for swift Senate action. With mid-August deadlines looming and growing institutional demand for clarity, the Clarity Act is shaping up to be the most pivotal crypto bill in U.S. history—despite ongoing calls for refinement.