On July 17, local time, the U.S. House of Representatives passed the "Digital Asset Market Clearity Act" (CLARITY Act) with a vote of 294 in favor and 134 against. The bill aims to establish a broader and more industry-friendly regulatory framework for digital assets and will be submitted to the Senate for review. Its core content includes clarifying the regulatory authority of the SEC and CFTC, categorizing digital assets into three types: digital commodities, stablecoins, and excluded assets. At the same time, the bill introduces a "bright line test" to determine whether crypto assets are commodities and establishes regulations on platform registration, consumer protection, and financing exemptions.