The U.S. House of Representatives has passed the CLARITY Act, a significant legislative move aimed at defining regulatory oversight for cryptocurrency assets. Spearheaded by French Hill, the act delineates the roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in regulating digital assets. This legislation is anticipated to enhance institutional investment by reducing market uncertainty and providing a clearer regulatory framework. The act's passage marks a pivotal step in the U.S. government's approach to cryptocurrency regulation, potentially fostering a more stable and transparent market environment.