Here’s how the US government now offers a path to a new all-time high for Bitcoin and crypto CLARITY

The US Senate Banking Committee released the Digital Asset Market Clarity Act (CLARITY) draft, which establishes a "lane system" assigning regulatory jurisdiction based on an asset's lifecycle, moving away from token-by-token rulings. The core of the bill bridges the SEC and CFTC: the SEC oversees "ancillary assets" (tokens reliant on promoters' efforts) via disclosure rules mimicking public equity standards, while the CFTC regulates trading venues for assets deemed "digital commodities." The bill grants Bitcoin and Ethereum a fast track to commodity status via an ETP carve-out, and clarifies that staking rewards are "gratuitous distributions," not securities income, for non-custodial staking. Furthermore, it creates a safe harbor for non-custodial DeFi interfaces by treating them as software if they lack control over user funds or transactions. However, the draft faces criticism regarding mandatory surveillance, potential threats to privacy, and unresolved issues concerning stablecoin yield and DeFi definitions, leading to a last-minute scramble for amendments.

(Source：CryptoSlate)