CLARITY Act
FIT21 (Financial Innovation and Technology for the 21st Century Act)
The 2024 House-passed legislation that established the decentralization test for crypto classification, gave the CFTC jurisdiction over digital commodity spot markets, and became the legislative foundation for the CLARITY Act.
French Hill: The House Financial Services Chair Driving US Digital Asset Market Structure
Representative French Hill — House Financial Services Committee Chair since 2025 — is the architect of the CLARITY Act, the market structure legislation that defines how US securities and commodity laws apply to digital assets.
Howey Test
The four-part legal test derived from a 1946 US Supreme Court case that determines whether a transaction constitutes an 'investment contract' and therefore a security subject to SEC regulation.
Security vs Commodity: The Classification That Determines Everything
The foundational US regulatory classification dispute that determines whether a crypto asset falls under SEC or CFTC jurisdiction, with fundamentally different compliance implications for each outcome.
The Next Five Years of Tokenization Policy: What to Watch
Forward-looking analysis to 2031 — the CLARITY Act, digital euro launch, CARF adoption, DeFi regulation, AI+crypto dual compliance, BRICS Unit, and the four scenarios for how global crypto regulation resolves.
US Digital Asset Bills Tracker
Tracking every significant US digital asset bill — status, sponsors, committee referrals, floor votes, and outlook.
US Regulatory Clarity: How GENIUS Act and CLARITY Act Are Repricing American Digital Assets
The US shift from enforcement-first to legislative clarity — GENIUS Act signed, CLARITY Act passed House — has begun to reprice the regulatory risk premium on US-connected digital assets and tokenization businesses.
US Tokenization Legislation: Every Bill, Every Hearing, Every Vote
The complete guide to US digital asset legislation — from the GENIUS Act to CLARITY, from SEC enforcement to the CFTC's expanding role, and the political forces that shaped each outcome.