The CLARITY Act is expected to bring crypto companies back to the US, according to attorney Bill Hughes. He highlighted that most crypto trading occurs outside the US, with Binance dominating the market.
Attorney Bill Hughes stated that passing the Digital Asset Market Clarity Act of 2025, known as CLARITY, will help reshore the crypto industry in the United States. He noted that the US dollar is the largest fiat on-ramp for cryptocurrency, with over $2.4 trillion in volume recorded between July 2024 and June 2025. Despite this, the majority of crypto trading volume occurs on exchanges outside the US, with Binance accounting for over 38% of all centralized exchange trading volume in December 2025.