[Congressional Record Volume 171, Number 126 (Wednesday, July 23, 2025)]
[Extensions of Remarks]
[Page E717]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                DIGITAL ASSET MARKET CLARITY ACT OF 2025

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                            HON. BRYAN STEIL

                              of wisconsin

                    in the house of representatives

                        Wednesday, July 23, 2025

  Mr. STEIL. Mr. Speaker, the intent of Congress in enacting the 
CLARITY Act is clear: to reestablish the United States as the global 
leader in digital asset markets by ensuring our regulatory framework is 
clear, forward-looking, and functional.
  The exemptive authority granted to the SEC under Section 204(g) of 
the CLARITY Act provides a mechanism to address evolving technological 
and market realities.
  The CLARITY Act recognizes that liquidity is an important feature of 
efficient markets and price discovery, as well as encouraging U.S. 
market activity. Congress intends for the SEC, through CLARITY, to have 
the tools necessary to support the provision of market liquidity, 
including, where appropriate, through exemptive relief that is 
consistent with protecting investors, maintaining fair orderly and 
efficient markets, facilitating capital formation, and fostering the 
development of mature blockchain systems.
  A goal of the CLARITY Act is to foster U.S.-based markets and bring 
critical oversight back to our shores. If the United States is to 
outcompete overseas marketplaces, liquidity and market depth will be 
important components of our markets. A proactive and effective use of 
the authorities in CLARITY to encourage liquidity and market health 
will help to ensure adaptability to future trends and restore U.S. 
leadership in global digital asset markets.

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