CLARITY Act Could Reshore US Crypto Industry, Attorney Says
Attorney Bill Hughes says the CLARITY Act would help bring crypto companies and projects back to the United States, as most trading volume currently occurs outside US exchanges.
The CLARITY Act, a proposed crypto market structure bill, could incentivize crypto companies to return to the United States, according to crypto industry attorney Bill Hughes.
Hughes noted that the "biggest market" in crypto conducts the vast majority of its trading volume outside US-based exchanges. This offshore shift has been driven by regulatory uncertainty in the US, pushing innovation and liquidity abroad. For traders, this means that price discovery often happens on foreign platforms, which can lead to different risk profiles and liquidity conditions. Live crypto prices on NowPrice show how the market is reacting in real time, reflecting the global nature of trading.
If passed, the CLARITY Act would provide clearer rules for digital assets, potentially reducing the regulatory arbitrage that has driven firms overseas. Traders should watch for legislative progress, as clearer US rules could boost domestic exchange volumes and attract institutional capital. Key levels to monitor include Bitcoin's reaction to regulatory news and any shifts in trading volume between US and offshore exchanges.