CLARITY Act heads to Senate for Sept 15 vote — SkimNews
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- CLARITY Act heads to a US Senate vote on September 15, having passed the House 294–134 on July 17, 2025, and cleared the Senate Banking Committee in May 2026.
- The bill assigns the SEC oversight of digital assets classified as securities while granting the CFTC full jurisdiction over spot markets in digital commodities, alongside Bank Secrecy Act anti-money laundering requirements.
- BitDelta India executives Vikaas M Sachdeva and Muthuswamy Iyer said CLARITY Act reduces the regulatory risk premium and aligns US standards with Dubai's VARA and Singapore's MAS on conduct, licensing, and capital adequacy.
- CoinDCX co-founder Sumit Gupta said India's crypto framework rests on a 30% flat tax, 1% TDS, and AML registration with FIU-IND, with no dedicated market regulator.
- India's Crypto Asset Reporting Framework for direct exchange-to-tax reporting launches in April 2026, and experts said the country evaluates EU MiCA, Dubai, and Singapore models rather than replicating US law.
Why it matters: The CLARITY Act replaces regulatory ambiguity with a defined SEC/CFTC split, and BitDelta India says it cuts the regulatory risk premium for crypto firms. For India—relying on a 30% tax, 1% TDS, and FIU-IND AML registration rather than a market regulator—the September 15 Senate vote tests whether global pressure nudges a market-structure rethink or reinforces its stability-first compliance model.
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