US lawmakers are proposing an amendment to the Digital Asset Market Clarity Act (CLARITY Act) before its markup, scheduled for Tuesday, June 10, 2025. The House Financial Services Committee is expected to meet for a markup hearing to consider the cryptocurrency market structure bill.

The proposed amendment focuses on the "treatment of certain non-controlling blockchain developers." It suggests that certain blockchain developers or service providers would not be considered money transmitters or subject to registration requirements under the potential market structure law. This provision seems to originate from the Blockchain Regulatory Certainty Act, legislation spearheaded by Representative Tom Emmer and a bipartisan group of lawmakers in May. Many crypto advocacy groups, including the Blockchain Association, have called on lawmakers to combine the two bills.

The CLARITY Act aims to establish a clear regulatory framework for digital assets in the United States. It seeks to determine which cryptocurrencies are securities and which are commodities, as authorized by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill also clarifies the roles and responsibilities of these two key agencies in supervising the crypto industry. In addition, it proposes a legal framework for crypto exchanges, token issuers, and custodians to operate lawfully within the U.S. market.

The House Financial Services Committee will debate eight bills, including the Digital Asset Market Clarity Act. The Clarity bill would create a clear regulatory framework for crypto in part through designating how the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission will regulate. The bill also requires digital asset firms to provide disclosures to customers and segregate customer funds from their own.

Representative Maxine Waters, the ranking member of the House Financial Services Committee, has voiced skepticism regarding the CLARITY Act, indicating that she and other Democrats may not support the bill. Waters organized a Minority Day hearing on Friday to address allegations of corruption linked to U.S. President Donald Trump's connections to the crypto industry. She criticized the CLARITY Act, stating, "Not a single provision within [the CLARITY Act] addresses the crimes I've laid out. In fact, this bill only legitimizes it."

In the Senate, lawmakers are expected to soon vote on the GENIUS Act — legislation to regulate payment stablecoins. Senate Majority Leader John Thune reportedly said he wanted the bill "wrapped up this week."