Senators released a bipartisan draft of the CLARITY Act to settle CFTC–SEC jurisdiction and define digital asset oversight rules.
(Photo of Ian Hutchinson on Unsplash)
Posted November 11, 2025 at 8:58 am EST.
The U.S. Senate Agriculture Committee has unveiled a bipartisan discussion draft of the crypto market structure bill known as the CLARITY Act with the goal of clearly defining roles for regulators overseeing digital assets.
The bill would grant the Commodity Futures Trading Commission (CFTC) new authority to regulate spot digital commodity trading that includes bitcoin and ether.
Meanwhile, the Securities and Exchange Commission (SEC) would oversee assets classified as securities, thereby resolving long-standing jurisdictional confusion between the two agencies.
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The bill itself includes exemptions for qualifying crypto assets from the Securities Act registration, in
in addition to provisions for new consumer protections and resources for the CFTC to oversee the market.
However, it still needs to be combined with the Senate Banking Committee’s version before it can advance further in the legislative process.
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