U.S. House Majority Whip Tom Emmer urged the Senate to pass The Clarity Act, legislation that would define which digital assets are securities and which are commodities—a distinction that has paralyzed regulatory clarity for over a year since House passage.
The lack of clear definitions has triggered SEC enforcement actions and created operational uncertainty for U.S. crypto firms. A defined framework would allow developers to build without fear of retroactive enforcement and enable institutional capital to flow into the space without regulatory ambiguity.
Emmer said the bill "still sits in the Senate without action" and called for immediate passage, arguing the delay puts the U.S. at a competitive disadvantage in global digital asset markets. The House Majority Whip has been a consistent advocate for balanced crypto regulation that supports technological development.
Bitcoin traded at $78,529, up 2.4 percent over 24 hours, while Ethereum reached $2,419, a 1.6 percent gain. The Crypto Fear & Greed Index sat at 65, signaling greed sentiment—a signal that market participants are positioned for growth pending legislative resolution.
The Senate's calendar remains crowded with competing priorities. Industry observers are watching for signs the Clarity Act will be attached to broader financial services legislation or brought for a standalone vote.
