Emre Yumlu 
The U.S. House of Representatives is on the verge of a pivotal move in crypto legislation. Ahead of a crucial session this week, lawmakers have released a fresh draft of the CLARITY Act, a bill that could redefine how the U.S. approaches the regulation of digital assets, particularly in relation to DeFi platforms, blockchain developers, and crypto innovation.
U.S. Scrutinizes China-Based Blockchain Activity
One of the standout features of the draft is its focus on China-linked blockchain operations. The legislation aims to assess potential national security threats, explore export control concerns, and examine illicit financial flows tied to foreign blockchain influence. This adds a strategic dimension to what might otherwise be viewed as purely economic regulation.
Relief for Developers and DeFi Builders
A key update in the proposal introduces a more favorable stance toward blockchain developers. Those without direct control over a network will not be categorized as money transmitters, reducing regulatory pressure on developers and wallet providers alike.
The bill also protects decentralized technologies that allow users to hold their own private keys, meaning DeFi protocols that operate without centralized intermediaries could enjoy greater operational freedom from regulation.
Banking Sector Gets a Green Light for Blockchain Integration
Sections 312(b) and 312(c) of the draft introduce new provisions allowing federally chartered and state-insured banks to use blockchain technology in delivering authorized financial services, as long as they remain compliant with existing rules. This could significantly expand the legal use of digital assets in the traditional financial sector.
A Step Toward Regulatory Clarity
Another major goal of the CLARITY Act is to resolve ongoing confusion around regulatory jurisdiction. The draft outlines clear boundaries between the SEC and CFTC, giving crypto businesses a much-needed sense of legal certainty when navigating compliance frameworks for different types of digital assets.
U.S. Government Explores Strategic Bitcoin Reserve
In parallel with the CLARITY Act, lawmakers are also considering a bold new initiative: the creation of a national Bitcoin reserve. Known as H.R. 3798, this proposal would formalize the federal government’s ability to accumulate and hold Bitcoin as a strategic financial asset. Supporters argue it could strengthen the economy and promote widespread crypto adoption.
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