U.S. lawmakers are making progress towards passing the Crypto Market Clarity Act of 2025 with proposed amendments that exempt certain blockchain developers from money transmitter laws.
The House Financial Services Committee's markup hearing will play a crucial role in determining the fate of the bill and indicate a broader momentum for crypto regulation.
Political divisions exist, with Democratic leaders like Rep. Maxine Waters opposing the bill, while bipartisan support from figures like Rep. Ritchie Torres is growing.
Industry leaders see the regulatory clarity from bills like the CLARITY Act as encouraging responsible innovation and improving investor protections in the crypto space.