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A follow-on "Clarity" bill establishing market structure rules for non-stablecoin crypto tokens will be drafted, advanced, and aimed to be passed or finalized in the United States by October 2025.
We have a legal framework for stablecoins and market structures. Next, the clarity bill is next. We're going to try and do that by October.View on YouTube
Explanation
Evidence shows that by well before October 2025 a follow‑on CLARITY market‑structure bill for non‑stablecoin digital assets had in fact been drafted and significantly advanced in the U.S. Congress:
- After the GENIUS Act established a federal framework for payment stablecoins and was signed into law on July 18, 2025, news coverage described it as the first major stablecoin law and noted that the administration and congressional leaders were already pointing to a broader crypto market‑structure bill as the next step. 【0news13】【0search15】
- The Digital Asset Market Clarity Act of 2025 ("CLARITY Act of 2025", H.R. 3633) was introduced on May 29, 2025. The House Financial Services and Agriculture Committees reported it favorably on June 23, 2025, with committee reports explicitly describing it as a comprehensive digital asset market structure framework that allocates jurisdiction between the SEC and CFTC and clarifies treatment of digital commodities and secondary trading of tokens. 【0search1】
- The bill passed the U.S. House on July 17, 2025 (294–134) and on September 18, 2025 was received in the Senate and referred to the Senate Banking Committee, with its official status shown as "Passed House"—all well before October 2025. 【2view0】
- Associated press coverage of the July 17 House votes explicitly distinguishes three separate crypto bills: a bipartisan stablecoin regulation bill, a market structure bill defining which digital assets are commodities or securities, and a CBDC‑ban bill, with the market‑structure bill heading to the Senate. 【0news14】 This matches the predicted idea of a follow‑on non‑stablecoin market‑structure measure.
- On July 23, 2025, the Senate Banking Committee chair announced an initial discussion draft of broader digital‑asset market‑structure legislation, explicitly framed as building on both the GENIUS Act and the House‑passed CLARITY Act—indicating active intent to advance such a framework in the Senate. 【0search2】
By October 2025, therefore, a CLARITY‑branded market‑structure bill for non‑stablecoin digital assets had been drafted, moved through House committees, passed the House, and been taken up in the Senate, with leadership clearly signaling an aim to pass it. That satisfies the normalized prediction that a follow‑on “Clarity” market‑structure bill for non‑stablecoin tokens would be drafted, advanced, and positioned for passage by October 2025, even though it had not yet become law by that date.