In a electrifying moment on CNBC’s “The Exchange” on August 19, 2025, Custodia Bank CEO Caitlin Long confirmed that the U.S. House of Representatives is poised to pass the Digital Asset Market Clarity Act, a landmark cryptocurrency market structure bill. This legislation, aimed at providing regulatory clarity for digital assets, is a game-changer for the $1.4 trillion crypto market, potentially unlocking trillions in institutional investment.
The Clarity Act defines which cryptocurrencies, like Bitcoin, are commodities under the Commodity Futures Trading Commission (CFTC) and which are securities under the SEC, resolving long-standing regulatory ambiguity. Long emphasized that the bill’s bipartisan support, evidenced by a 294-134 House vote in July 2025, signals “massive energy” for crypto adoption. She predicted it could propel Bitcoin’s price to new heights, with Wall Street poised to allocate heavily to digital assets.
This follows the GENIUS Act’s passage, which established stablecoin regulations, and aligns with President Trump’s push to make the U.S. the “crypto capital of the world.” Long’s comments underscore the bill’s potential to integrate Bitcoin into mainstream finance, from 401(k)s to global payments, as seen in Thailand’s recent tourist crypto program.
As the Senate prepares to review the bill, the crypto industry braces for a transformative era, with trillions in capital inflows on the horizon.