Digital Asset Market Clarity Act of 2025

Floor Speech

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Mr. STEIL. Mr. Speaker, the intent of Congress in enacting the CLARITY Act is clear: to reestablish the United States as the global leader in digital asset markets by ensuring our regulatory framework is clear, forward-looking, and functional.

The exemptive authority granted to the SEC under Section 204(g) of the CLARITY Act provides a mechanism to address evolving technological and market realities.

The CLARITY Act recognizes that liquidity is an important feature of efficient markets and price discovery, as well as encouraging U.S. market activity. Congress intends for the SEC, through CLARITY, to have the tools necessary to support the provision of market liquidity, including, where appropriate, through exemptive relief that is consistent with protecting investors, maintaining fair orderly and efficient markets, facilitating capital formation, and fostering the development of mature blockchain systems.

A goal of the CLARITY Act is to foster U.S.-based markets and bring critical oversight back to our shores. If the United States is to outcompete overseas marketplaces, liquidity and market depth will be important components of our markets. A proactive and effective use of the authorities in CLARITY to encourage liquidity and market health will help to ensure adaptability to future trends and restore U.S. leadership in global digital asset markets.

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