Washington's New Cryptocurrency Bill Would Strip States of Power - Legally Prohibit Surveillance That Catches Front-End Manipulation The biggest problem with cryptocurrencies in the US has always been jurisdiction. The CLARITY Act aims to end the tussle between the SEC and the CFTC, while opening up a new fight over DeFi and state preemption law. Washington is about to get serious about cryptocurrency's most intractable problem: Who exactly should oversee the market when a token is traded like a commodity, sold like a security and moved through software that insists it's not a company at all. The Digital Assets Market Clarity Act of 2025 (better known on Capitol Hill and in boardrooms as the CLARITY Act) has already cleared the House of Representatives, and Senate lawmakers are now preparing it for a January approval that will determine whether the bill becomes a permanent regulation or another ambitious draft that will fold under its own edge cases.