Crypto Clarity Act

Attention is turning to which US lawmakers will take up the Crypto Clarity Act in the next Congress, a bill aimed at settling how digital assets are regulated. The question comes as crypto firms and investors press Washington for clear rules on whether tokens are securities or commodities. The composition of the incoming Congress, including control of key committees, is expected to shape who leads the drafting effort.

Fast Company reports that Donald Trump's financial gains from the crypto industry are undermining efforts to pass the Clarity Act, legislation meant to establish clearer, looser rules for digital assets. The argument: Trump's personal crypto winnings have politicized the issue, making lawmakers wary of supporting industry-friendly regulation and jeopardizing the regulatory certainty crypto firms have lobbied for.