U.S. Representative Troy Downing has voiced support for the Clarity Act, legislation intended to define which digital assets are securities and which are commodities, reducing jurisdictional overlap between the SEC and the Commodity Futures Trading Commission. The bill remains pending in the Senate during the congressional recess after a motion to begin consideration was submitted in early August. Downing previously served as an SEC commissioner under Chairman Gary Gensler, and his regulatory background adds weight to the endorsement. After lawmakers return, the Senate is expected to vote on the procedural motion; approval would allow debate and potential amendments. The legislation could give crypto businesses and institutional investors greater regulatory certainty, although its timeline and outcome remain uncertain. Crypto Briefing reported on Downing's support.