Market Structure

CLARITY Act Crypto Market Structure Guide

The CLARITY Act is the main U.S. crypto market-structure proposal. It would establish a statutory framework for digital commodities, assign a central role to the CFTC for digital commodity transactions and intermediaries, and preserve defined SEC authority for some transactions and intermediaries.

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Decision Impact

Why it matters

  • Exchanges, brokers, dealers, and alternative trading systems may need clearer registration, reporting, recordkeeping, and customer-asset controls.
  • Token issuers and networks may need to understand maturity, decentralization, disclosure, and ongoing reporting concepts.
  • Compliance, custody, accounting, AML, and infrastructure vendors may need clearer evidence for how their products fit regulated activity.

Product Map

Relevant product categories and vendors

Chainalysis

Organic

Blockchain intelligence, investigations, compliance, and risk products.

Best for
Compliance, investigations, and risk teams that need institutional blockchain intelligence.
Pricing
Enterprise pricing.
Free tier
No public self-serve free tier verified.

Fireblocks

Organic

Enterprise digital asset custody, wallet infrastructure, settlement, and operations platform.

Best for
Institutions and companies that need governance, controls, transfer policies, and digital asset operations.
Pricing
Enterprise pricing.
Free tier
No public self-serve free tier verified.

Anchorage Digital

Organic

Institutional digital asset platform with custody and financial services products.

Best for
Institutions evaluating regulated custody and digital asset operations.
Pricing
Institutional pricing.
Free tier
No public self-serve free tier verified.

Cryptio

Organic

Enterprise crypto accounting, reconciliation, and reporting platform.

Best for
Companies, funds, and finance teams with operational onchain activity.
Pricing
Business pricing depends on scope.
Free tier
No public self-serve free tier verified.

Bitwave

Organic

Digital asset finance platform for accounting, tax, payments, and enterprise operations.

Best for
Businesses managing digital asset accounting and operational finance.
Pricing
Business pricing depends on scope.
Free tier
No public self-serve free tier verified.

Safe

Organic

Smart account and multisig infrastructure for teams, treasuries, apps, and account-abstraction builders.

Best for
Teams that need multi-signer governance, smart account infrastructure, or operational wallet controls.
Pricing
Core smart account contracts and tooling; product and transaction costs vary by use case.
Free tier
Public contracts and documentation are available; usage costs depend on network and tooling.

Blockaid

Organic

Onchain security tooling focused on transaction simulation, threat detection, and wallet/app protection.

Best for
Wallets, apps, and infrastructure teams adding protective security checks.
Pricing
Business pricing depends on product and volume.
Free tier
No public self-serve free tier verified.

Timeline

Source-cited milestones

  1. May 29, 2025H.R.3633 was introduced in the House.
  2. July 2025The House advanced market-structure legislation for Senate consideration.
  3. May 12, 2026Senate Banking Committee released text for a markup vote.
  4. May 14, 2026Senate Banking Committee markup is expected.

FAQ

Common questions

Does the CLARITY Act replace product due diligence?

No. The bill may clarify regulatory categories, but buyers still need to evaluate custody, controls, source links, service terms, data quality, and operational risk.

Which Crypto.club categories are most affected?

Custody, compliance/security, accounting, analytics, developer platforms, and exchange-adjacent infrastructure are the most directly affected categories.

Related

More regulation guides