Digital Asset Market Clarity Act of 2025

Floor Speech

Date: July 17, 2025
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. ROSE. Mr. Speaker, I rise in support of the CLARITY Act, which provides long-overdue updates aimed at protecting the future of digital assets, encouraging growth, and protecting American consumers.

The days of stifling this emerging industry through litigation and rogue rulemaking must end. The Securities and Exchange Commission under former Chair Gary Gensler went far outside the agency's statutory mandate in many ways, especially with cryptocurrencies.

The CLARITY Act will strengthen transparency and accountability for consumers. It will require developers to provide accurate disclosures with details about the asset project's operation, ownership, and structure. It requires brokers and dealers to disclose important information to investors, to hold their own funds separate from their customers' funds, and to report any conflicts of interest.

This bill ensures Americans know where they are putting their money, and it gets government out of the way of growth and innovation.

Let's pass the CLARITY Act for the good of this country.

BREAK IN TRANSCRIPT


Source
arrow_upward