Sen. Hagerty says CLARITY Act would set rules for digital assets

He said the bill would do for the broader digital asset market what the GENIUS Act is doing for stablecoin innovation by providing clearer operating rules.

Summary

Sen. Hagerty said this week that the CLARITY Act would provide the "clear rules of the road" needed to support digital asset innovation. He framed the measure as a broader-market counterpart to the GENIUS Act, saying it would do for the wider digital asset sector what that legislation is doing for stablecoin innovation. The remarks underscore a push for clearer U.S. crypto policy, with proposed legislation aimed at reducing regulatory uncertainty for companies and developers.

Terms & Concepts
  • stablecoin: A crypto token designed to track a stable asset, often the U.S. dollar.
  • digital asset: A broad term for blockchain-based tokens and related crypto instruments.