A decisive moment for crypto, key legislation on the table in the US.

Next week, the crypto industry will be closely watching Washington. The US Congress will discuss the Digital Asset Market Clarity Act, better known as the CLARITY Act. Specifically, the bill is entering an important committee phase that will determine whether it has enough political support to move forward toward a full vote later this year. It is not the final decision yet, but it is a strong signal of whether lawmakers are ready to give crypto a clear and durable regulatory framework.

That explains why this moment matters so much. The United States remains the most important capital market in the world. Regulation that takes shape there almost always sets the tone globally. For crypto, a sector that has operated for years in a legal grey area, clarity from the US could have far reaching consequences.

What the CLARITY Act changes for the crypto industry

At its core, the CLARITY Act is about clarity. For years, it has been unclear when a crypto asset should be treated as a security and when it should be treated as a commodity. That uncertainty has led to lawsuits, cautious companies and investors staying on the sidelines because they do not know which rules apply. The CLARITY Act aims to reverse this by defining clear rules upfront.

A key element is the division of responsibilities between regulators. Instead of overlapping authority, the law sets clearer boundaries between the SEC and the CFTC. Digital assets that are sufficiently decentralised and not primarily dependent on a single issuing party are more likely to fall under commodity style oversight, while projects that resemble traditional investment products remain subject to securities regulation.

In doing so, the law implicitly recognises what the market has long understood. Crypto is no longer a temporary experiment, but a new layer of financial infrastructure. Following earlier steps on stablecoin regulation, the CLARITY Act is meant to give that infrastructure a more solid legal foundation. Not by overregulating, but by clearly defining what belongs where.

If Congress agrees next week to move this legislation forward, it may later be seen as a pivotal moment for the entire crypto industry. Not because all uncertainty disappears overnight, but because crypto would formally move from a legal grey zone into recognised financial infrastructure. From that point on, the question is no longer whether crypto will have a place in the system, but how large that place will ultimately be.