Senator Bill Hagerty Calls for Immediate Passage of the CLARITY Act to Provide Clear Rules for Digital Assets
Senator Bill Hagerty: Now is the time to pass CLARITY
Senator Bill Hagerty has called for the immediate passage of the CLARITY Act to provide clear rules for digital assets.
He emphasized that the U.S. needs a regulatory framework for digital assets that protects consumers, supports innovation, and retains jobs and investments, pushing the bill across the finish line.
The legislative progress is expected to reduce regulatory uncertainty, guide capital and projects back to the U.S. market, benefiting domestic crypto companies and innovation while putting pressure on overseas competition and regulatory arbitrage.
Source: Public Information
ABAB AI Insight
As a member of the Senate Banking Committee, Bill Hagerty proposed the Digital Trading Clarity Act as early as 2022, providing a safe harbor for digital asset exchanges from SEC enforcement, and has long advocated for clearer crypto regulation, leading the GENIUS Act for stablecoin legislation. In terms of capital flow, he positions CLARITY as an extension of the GENIUS Act, aiming to clarify the boundaries between digital goods and securities, delineate the responsibilities of the SEC and CFTC, reduce compliance costs, and attract institutional funds and startup projects back to the U.S. instead of flowing to overseas markets with clearer regulations. Similar cases can be seen with the acceleration of compliance for European crypto companies following the passage of the EU MiCA regulation, and Singapore's clear licensing system attracting Asian capital; currently, the U.S. digital asset sector is at a critical window of transition from enforcement-driven to legislative framework. Essentially, this is a regulatory change: locking in rules through legislation reduces uncertainty premiums, with the mechanism being to clarify responsibilities to eliminate regulatory arbitrage, forcing capital to reprice risks and returns in a compliant environment. ABAB News · Cognitive Law
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