A revised version of the U.S. Senate’s crypto market structure bill could be released as soon as next week, according to people following the negotiations. The effort still faces unresolved disputes, including ethics limits and the need for Democratic support to clear the Senate.
A revised version of the U.S. Senate’s crypto market structure bill could be released as soon as next week, according to people following the negotiations. The effort still faces unresolved disputes, including ethics limits and the need for Democratic support to clear the Senate.
A new Senate version of the Digital Asset Market Clarity Act could be released as soon as next week, CoinDesk reported, citing people following the talks. The draft is expected to merge work from the Senate Banking and Agriculture Committees as lawmakers try to position the crypto market structure bill for possible action later in July.
A new Senate version of the Digital Asset Market Clarity Act could be released as soon as next week, CoinDesk reported, citing people following the talks. The draft is expected to merge work from the Senate Banking and Agriculture Committees as lawmakers try to position the crypto market structure bill for possible action later in July.
The development matters because the Clarity Act is one of Washington’s main efforts to define how digital assets should be regulated in the U.S. For crypto companies, developers and users, the bill could shape the division of authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission, while also setting rules around consumer protections and market oversight.
Negotiators have not resolved several major issues. One sticking point is an ethics provision sought by Democrats that would restrict senior government officials, including the president, from maintaining business ties with the crypto sector. Ideas discussed in the talks include allowing state attorneys general to sue over ethics violations, though progress has reportedly slowed.
The updated draft is not expected to be a simple combination of the two committee-approved versions. According to the report, the merged text reflects additional negotiations and is said to put more emphasis on consumer protections. One person familiar with the matter said more than 70 pages of text had been added.
The bill still faces a narrow legislative window. It would need 60 votes to advance in the Senate, meaning Democrats would have to support the final version. Even two Democrats who backed the Banking Committee’s earlier version have warned they may not support a final bill unless their concerns are addressed.
If the Senate moves forward, the House would still need to approve the Senate version before it could become law, and the bill would then go to President Donald Trump for signature. With only a few weeks left before the Senate calendar tightens around the summer break and other political priorities, supporters have limited time to turn the draft into enacted legislation.
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