CLARITY Act aims to extend Wyoming’s crypto framework nationwide, says Senator Lummis

Senator Cynthia Lummis wants the rest of America to borrow Wyoming’s homework. The Republican lawmaker says the Digital Asset Market Clarity Act, better known as the CLARITY Act, would take her home state’s pioneering crypto regulatory framework and scale it to a federal level, giving the entire industry something it has desperately lacked: a single, coherent rulebook. The bill, which passed the House in July 2025 with a 294-134 vote, is now sitting in the Senate queue. A procedural cloture vote is scheduled for September 15, putting it on a compressed calendar ahead of the midterm elections. What the bill actually does At 616 pages, the CLARITY Act is not light reading. But its core mission is straightforward: define what counts as what in the digital asset world, and decide which regulator gets to watch over it. The legislation carves digital assets into distinct categories, most notably “ancillary assets” and “digital commodities.” That distinction matters enormously because it determines whether the SEC or the CFTC has oversight. For years, the two agencies have engaged in a jurisdictional tug-of-war that left crypto companies guessing which set of rules applied to them on any ...