What the CLARITY Act means for Ethereum
The CLARITY Act would formally treat Ethereum as a digital commodity under CFTC oversight if it becomes law, stripping the SEC of latitude to call ETH a security and ending years of jurisdictional ambiguity.The bill creates a three-part taxonomy: digital commodities, investment contract assets and payment stablecoins.Ethereum is explicitly named as a digital commodity if its network meets “mature blockchain” criteria.The Act shifts spot ETH oversight to the CFTC while leaving securities-style fundraising under SEC rules. Coincidentally or not, the political class has finally admitted what the market already assumed: Ethereum is not a stock. The Digital Asset Market Clarity Act of 2025 (the CLARITY Act) is a U.S. market‑structure bill that classifies most blockchain‑native tokens, including ether, as “digital commodities” rather than securities if their underlying networks are sufficiently decentralized and functional. Under the bills taxonomy, digital commodities are “digital assets whose value is intrinsically linked to and derives its value from the programmatic operation of a crypto system,” while securities remain under SEC jurisdiction and payment stablecoins sit in a separate category Critically, policy analyses note that the Act explicitly names Ethereum (ETH) among 16 tokens treated as digital commodities, putting ether in the same bucket as bitcoin and placing its