### Bipartisan Bill Seeks to Clarify Crypto Oversight with SEC and CFTC Division

In a landmark push toward clear regulatory measures, U.S. Representative French Hill has introduced the "Digital Asset Market Clarity Act of 2025," aimed at resolving prolonged ambiguity in crypto regulation. Gaining support across party lines, the bill features three Democratic co-sponsors, a sign of its widespread appeal and significance.

The proposed legislation details a shared oversight model between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), bringing structure to the U.S. cryptocurrency regulatory environment. Representative Hill emphasized the importance of this bipartisan effort, highlighting its role in fostering consumer protection and furthering American innovation.

Democratic Representatives Angie Craig, Ritchie Torres, and Don Davis have joined Republican sponsors in supporting the bill. The act broadly categorizes digital assets "intrinsically linked to a blockchain system" as digital commodities, so long as their primary use is in transferring value within that system. This broad definition captures major digital currencies like Ethereum (ETH), Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE), placing them under the CFTC's jurisdiction.

However, challenges remain. Assets that qualify as securities will still be overseen by the SEC, but the bill doesn't clearly distinguish when an asset transitions from being a commodity to a security, leaving room for further debate and interpretation.

Ripple's top legal executive, Stuart Alderoty, praised the initiative, describing it as a significant leap forward for crypto regulation. "A big step forward: the bipartisan CLARITY Act builds on momentum for comprehensive crypto rules in the U.S.," he stated.

As the CLARITY Act is set for full markup by the House Financial Services Committee on June 10th, the drive toward comprehensive digital asset regulation is gaining traction. Concurrently, the GENIUS Act, focusing on stablecoins, recently passed a crucial Senate vote with 66 senators in favor, underscoring the broad legislative momentum for definitive crypto guidelines.