But the GENIUS Act’s sister bill, the CLARITY Act, has been stumbling ever since its bipartisan passage by the House in July with a vote of 294-134. Implementation of the CLARITY Act, a key tentpole in Donald Trump’s promise to make America the “crypto capital of the world,” would require robust leadership at the CFTC. Brian Quintenz, Trump’s nominee, has reportedly run afoul of politically powerful crypto executives who are alleged to be holding up his path to the CFTC chair. Advertisement: Scroll to ContinueSenate committees are under pressure to pass the CLARITY Act before the end of the year, in part because the political conditions may shift after elections. MiCA divides crypto assets into several categories: e-money tokens (EMTs), asset-referenced tokens (ARTs), other crypto assets (OCAs).