The CLARITY Act is the flagship US crypto market-structure bill, designed to divide oversight of digital assets between the SEC and CFTC and finally define when a token is a security versus a commodity. This tag tracks the bill’s progress through Congress, the amendments and lobbying that reshape it, the SEC–CFTC jurisdiction split it proposes, and the implications for exchanges, token issuers, and DeFi developers who have operated for years without clear rules. Coinliva covers the votes, the committee markups, the industry response, and what the framework would actually change for companies building in the US.