The Senate Committee on Agriculture, Nutrition, and Forestry has advanced the CLARITY Act, a bill focused on digital asset market structure. This move was met with approval from House Committee on Agriculture Chairman Glenn “GT” Thompson (PA-15) and House Committee on Financial Services Chairman French Hill (AR-02).
Chairman Thompson stated, “I want to congratulate Chairman Boozman and the entire Senate Agriculture Committee on their work to advance market structure legislation today. I am encouraged by the committee’s markup of the CLARITY Act today—Chairman Hill and I know exactly how difficult it is to get to this point. This is a key milestone in the Senate's work on the bipartisan CLARITY Act, but there is still more work to be done to get a bill to President Trump’s desk. After members of the Senate Banking Committee advance their legislation in the coming weeks, the House and Senate must work together to meld each of these packages into a final agreement that will unlock American innovation and development in the digital asset ecosystem.”
Chairman Hill added, “Last July, the House overwhelmingly passed the bipartisan CLARITY Act. Since then, Senate Agriculture Committee Chairman John Boozman, Senate Banking Committee Chairman Tim Scott, and other key Senate partners have continued to advance Congress’ critical work on market structure. Today, the Senate Agriculture Committee took an important step in pushing forward the President’s digital asset agenda, and I look forward to continuing to work with my Senate colleagues to ensure key pillars of CLARITY are addressed so we can deliver a bipartisan, bicameral product to President Trump’s desk.”
The House Committee on Agriculture plays an important role in shaping national policy related to agriculture, food security, rural development and forestry. Established in 1820 as one of the oldest standing committees in Congress, it manages significant programs including nutrition assistance and conservation efforts while also overseeing commodity exchanges and agricultural trade.
The advancement of the CLARITY Act marks another step toward finalizing federal regulation for digital assets as both chambers continue working toward agreement.
