Clarity Act

Extracted Attributes

• Type

  Proposed Federal Legislation (United States)

• Basis (Canada)

  1998 Supreme Court of Canada secession reference

• Purpose (Canada)

  Establish conditions for provincial secession negotiations

• Citation (Canada)

  S.C. 2000, c. 26

• Long Title (Canada)

  An Act to give effect to the requirement for clarity as set out in the opinion of the Supreme Court of Canada in the Quebec Secession Reference

• Purpose (US Crypto)

  Establish regulatory framework for digital assets, define crypto market structure, establish jurisdictional boundaries for SEC and CFTC, introduce tailored registration and compliance regimes, implement new regulatory obligations for listing and trading practices

• Response To (Canada)

  1995 Quebec referendum, Quebec independence movement

• Full Name (US Crypto)

  Digital Asset Market Clarity Act of 2025

• Jurisdiction (Canada)

  Canada

• Original Name (Canada)

  Bill C-20

• Jurisdiction (US Crypto)

  United States

• Original Name (US Crypto)

  H.R. 3633

• Categories of Digital Assets Defined (US Crypto)

  Securities, Commodities, Stablecoins

Timeline

• Quebec referendum takes place, prompting the need for the Canadian Clarity Act. (Source: Summary)

  1995

• The Quebec Contingency Act (Bill C-341), a private member's bill aiming to establish conditions for a Quebec separation referendum, was introduced but did not proceed past first reading. (Source: Summary)

  1996

• The federal government of Prime Minister Jean Chrétien made a secession reference to the Supreme Court of Canada, which informed the content of the Clarity Act. (Source: Summary)

  1998

• Bill C-20 (Clarity Act) was tabled for first reading in the Canadian House of Commons. (Source: Summary)

  1999-12-13

• Two days after the introduction of Bill C-20, the Parti Québécois government in Quebec passed 'An Act respecting the exercise of the fundamental rights and prerogatives of the Quebec people and the Quebec State' in the National Assembly of Quebec. (Source: Wikipedia)

  1999-12-15

• Bill C-20 (Clarity Act) was passed by the Canadian House of Commons. (Source: Summary)

  2000-03-15

• Bill C-20 (Clarity Act) was passed by the Canadian Senate in its final version and received Royal Assent, becoming law. (Source: Summary)

  2000-06-29

• The Financial Innovation and Technology for the 21st Century Act (FIT21), which laid groundwork for digital asset regulation, passed the House. (Source: Web Search Results)

  2024

• House Financial Services and Agriculture Committees held a joint public roundtable discussion on key concepts and principles for digital asset market structure legislation, preceding the US Crypto Clarity Act. (Source: Web Search Results)

  2025-05-06

• H.R. 3633, the Digital Asset Market Clarity Act of 2025 (US Crypto Clarity Act), was introduced by Chairman Hill and House Agriculture Committee Chairman G.T. Thompson. (Source: Web Search Results)

  2025-05-29

• Bipartisan majorities of the House Committees on Financial Services and on Agriculture voted to advance the Digital Asset Market Clarity Act of 2025. (Source: Web Search Results)

  2025-06-10

Clarity Act

The Clarity Act (French: Loi sur la clarté référendaire, known as Bill C-20 before it became law) is legislation passed by the Parliament of Canada that established the conditions under which the Government of Canada would enter into negotiations that might lead to secession following such a vote by one of the provinces. The Clarity Bill (C-20) was tabled for first reading in the House of Commons on 13 December 1999. It was passed by the House on 15 March 2000, and by the Senate, in its final version, on 29 June 2000. Although the law applies to all provinces, the Clarity Act was created in response to the 1995 Quebec referendum and ongoing independence movement in that province. The content of the act was based on the 1998 secession reference to the Supreme Court of Canada made by the federal government of Prime Minister Jean Chrétien. Previously in 1996, a private member's bill, the Quebec Contingency Act (Bill C-341) was introduced to establish the conditions which would apply to a referendum regarding the separation of Quebec from Canada, but it did not proceed further than the first reading. Two days after the act had been introduced in the Canadian House of Commons, the Parti Québécois government passed An Act respecting the exercise of the fundamental rights and prerogatives of the Québec people and the Québec State in the National Assembly of Quebec.

Web Search Results

• Clarity Act - Wikipedia

  The _Clarity Act_( (French: _Loi sur la clarté référendaire_, known as Bill C-20 before it became law) is legislation passed by the Parliament of Canada that established the conditions under which the Government of Canada would enter into negotiations that might lead to secession following such a vote by one of the provinces. The Clarity Bill (C-20) was tabled for first reading in the House of Commons on 13 December 1999. It was passed by the House on 15 March 2000, and by the Senate, in its [...] Although the law applies to all provinces, the _Clarity Act_ was created in response to the 1995 Quebec referendum and ongoing independence movement in that province. The content of the act was based on the 1998 secession reference to the Supreme Court of Canada made by the federal government of Prime Minister Jean Chrétien. Previously in 1996, a private member's bill, the _Quebec Contingency Act_ (Bill C-341) was introduced to establish the conditions which would apply to a referendum [...] Clarity Act Act of Parliament Long titleAn Act to give effect to the requirement for clarity as set out in the opinion of the Supreme Court of Canada in the Quebec Secession Reference CitationS.C. 2000, c. 26 Territorial extent Canada Dates Royal assent29 June 2000 Part of a series on the Constitution of Canada Image 4 show Constitutional history

• Congress Set to Bring CLARITY to Digital Asset Market Structure

  V. Conclusion The CLARITY Act marks a significant development toward establishing a regulatory framework for digital assets in the United States. By establishing jurisdictional boundaries for the SEC and CFTC, introducing tailored registration and compliance regimes, and implementing new regulatory obligations for listing and trading practices, the Act seeks to foster responsible innovation while improving market integrity and investor protection. [...] The Act builds on the Financial Innovation and Technology for the 21st Century Act (FIT21), which passed the House in 2024 with bipartisan support. FIT21 laid the groundwork for progress in the digital asset space by defining digital asset categories and assigning regulatory roles to the SEC and CFTC. CLARITY expands and codifies those principles, introducing statutory definitions and operational rules for issuers, intermediaries and exchanges involved in the issuance, custody and trading of [...] CLARITY amends the Commodity Exchange Act to provide the CFTC with primary regulatory oversight authority over spot digital commodities. This is primarily achieved through the registration and regulation of DCBs, DCDs and DCEs. The Act also includes guidance on the listing and review process for new digital commodities and introduces the concept of a qualified digital asset custodian to hold digital assets on behalf of a person or customer of a person registered under CLARITY. This significant

• House Committees Advance Digital Asset Market Clarity Act of 2025

  With respect to the SEC, similar to FIT21, the CLARITY Act seeks to provide regulatory clarity as to the application of the Securities Act to digital commodities via the “investment contract” definition of a security, which is the definition that the SEC and federal courts have generally applied to digital assets by applying the “investment contract” analysis first established in _SEC v. Howey_.( Primarily, the CLARITY Act would bifurcate the digital commodity from the security through which it [...] On June 10, 2025, bipartisan majorities of the House Committees on Financial Services and on Agriculture (Committees) voted to advance the Digital Asset Market Clarity Act of 2025( (CLARITY Act), an updated version of a discussion draft the Committees circulated weeks earlier. The CLARITY Act, which has broadly been referred to as the crypto market structure bill, would establish a regulatory framework for digital asset market structure and direct the Commodity Futures Trading Commission (CFTC) [...] Establishment of Provisional Registration Regime:The CLARITY Act establishes a provisional registration regime for digital commodity exchanges, digital commodity brokers, and digital commodity dealers, doing away with the discussion draft’s model of “Notice of Intent.”( The discussion draft contained one set of requirements for registered persons, defined to include futures commission merchants, introducing brokers, and SEC-registered brokers and dealers, and another for non-registered

• Financial Services Examines Digital Asset Market Structure Legislation

  "The CLARITY Act is a thoughtful bill that creates regulatory guardrails tailored to the unique attributes of blockchain technology while giving users and developers the confidence to engage and innovate in this ecosystem,” said Majority Whip Tom Emmer (MN-06). On the harm of not having a regulatory framework: [...] On May 6, 2025, the House Financial Services and Agriculture Committees held a joint public roundtable discussion on key concepts and principles for digital asset market structure legislation. On May 29, 2025, Chairman Hill and House Agriculture Committee Chairman G.T. Thompson (PA-15) introduced H.R. 3633, the CLARITY Act, which would establish a regulatory framework for digital assets in the United States. Subscribe Image 3: United States House Committee on Financial Services [...] News Press Releases Member Corner Contact Email Updates Blow the Whistle , held a hearing examining digital asset market structure legislation, H.R. 3633, the CLARITY Act of 2025. Click here for a one-pager on the CLARITY Act. Click here for a section-by-section. Click here for the text of the bill. Watch yesterday’s hearing online HERE. On the benefits of digital assets and blockchain technology:

• GENIUS, STABLE, and CLARITY Acts and State Laws

  H.R. 3633, the Digital Asset Market Clarity Act of 2025, is a bill introduced in the House of Representatives that aims to create a regulatory framework for digital asset and related markets. The Act would divide digital assets into three categories: (i) securities, (ii) commodities, and (iii) stablecoins. “Digital commodity” is broadly defined as “a digital asset that is intrinsically linked to a blockchain system, and the value of which is derived from or is reasonably expected to be derived [...] Nevertheless, there is light at the end of the tunnel for federal rules, at least for stablecoins. With the GENIUS Act that just passed in the Senate and the STABLE Act in the House, there could soon be a comprehensive federal framework for the issuance and regulation of payment stablecoins. The House is also considering the CLARITY Act, which would create a broader framework for digital assets to be governed as commodities, securities, or stablecoins. Below is a brief overview of each bill.

• Country

  Canada

• Instance Of

  Q6560515

The Clarity Act (French: Loi sur la clarté référendaire) (known as Bill C-20 before it became law) (the Act) is legislation passed by the Parliament of Canada that established the conditions under which the Government of Canada would enter into negotiations that might lead to secession following such a vote by one of the provinces. The Clarity Bill (C-20) was tabled for first reading in the House of Commons on 13 December 1999. It was passed by the House on 15 March 2000, and by the Senate, in its final version, on 29 June 2000. Although the law could theoretically be applied to any province, the Clarity Act was created in response to the 1995 Quebec referendum and ongoing independence movement in that province. The content of the Act was based on the 1998 secession reference to the Supreme Court of Canada made by the federal government of Prime Minister Jean Chrétien. Previously in 1996, a private member's bill, the Quebec Contingency Act (Bill C-341) was introduced to establish the conditions which would apply to a referendum regarding the separation of Quebec from Canada, but it did not proceed further than the first reading. Two days after the Act had been introduced in the Canadian House of Commons, the Parti Québécois government passed An Act respecting the exercise of the fundamental rights and prerogatives of the Québec people and the Québec State in the National Assembly of Quebec.