U.S. Congress releases Clarity Act draft on 2026-07-04 defining Bitcoin as a non-security while adding a new federal oversight regime
AI Market Summary
The U.S. Congress released an early draft of the \u0022Clarity Act\u0022 that would formally classify Bitcoin as a non-security while placing BTC custody, trading, and derivatives under a new federal licensing, audit, and capital regime. Although not yet voted on, it is the first official BTC-specific legislative text, heightening near-term uncertainty around compliance costs and potentially tighter liquidity. A related unofficial \u0022ACT\u0022 concept token has no legal standing.
Impact level
● High
Affected assets
BTC/USDT+1.05%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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On July 4, 2026, the U.S. Congress published a draft of the Clarity Act that, for the first time, formally defines Bitcoin as a “non-security” asset while placing it under a new federal regulatory framework. The proposal would require any BTC-related custody, trading, and derivatives services to meet stringent licensing, audit, and capital requirements. The text is at an early stage and has not been put to a vote, but it is the first official document to legislate specifically for Bitcoin, fueling broad concerns over sharply higher compliance costs and a near-term tightening in liquidity. The ACT token, described as a bill-linked concept token that is not officially issued, is viewed by some in the community as a policy signal but carries no governance role or legal effect.
