Clarity Act Hits Senate Wall: Three-Category Token Framework Draws Industry Fire

It breaks digital assets into three buckets: “digital commodities,” “network tokens,” and “ancillary assets.” Offshore Pressure Stays UnaddressedThe Clarity Act doesn’t touch tax incentives for offshore token issuance. Related: SEC Chair Paul Atkins Backs CLARITY Act in Senate to Regulate CryptosThe Act’s focus on U.S.-organized originators makes this worse. See also: Lummis Criticizes Democrats for Stalling Clarity Act Before Congressional RecessThe need for revisions is clear. The Clarity Act sorts digital assets into “digital commodities,” “network tokens,” and “ancillary assets,” each carrying distinct disclosure requirements and regulatory obligations.