John Thune

Former New York Gov. Andrew Cuomo urged Congress to pass the CLARITY Act, arguing that clearer federal rules are needed for crypto firms and traditional financial institutions. He warned that leaving policy to regulators could create shifting standards as political control changes in Washington.

Senate leadership has opened the first stage of floor action on the Digital Asset Market Clarity Act, keeping the crypto market structure bill alive for a possible September vote. The measure still faces unresolved disputes over ethics rules, illicit-finance provisions and stablecoin rewards before it can clear the Senate’s 60-vote hurdle.

The U.S. Senate will not vote on the Digital Asset Market Clarity Act before its late-summer break, slowing momentum for one of the crypto industry’s most closely watched bills. Lawmakers are expected to revisit the measure when the Senate returns to Washington, D.C., in September, but unresolved political and policy disputes remain.

Senators Elizabeth Warren and Richard Blumenthal have asked the SEC to investigate President Donald Trump’s $TRUMP memecoin after steep investor losses. The request lands as Senate negotiations over the Digital Asset Market Clarity Act remain stuck on ethics rules for government officials tied to crypto projects.

The Digital Asset Market Clarity Act has hit a difficult stretch in the Senate as ethics language, election-year timing and regulatory design concerns weigh on its path forward. Market participants say the bill could improve token classification and disclosures, but its practical value may depend on clearer definitions, coordinated agencies and revisions after launch.

Senators Thom Tillis and Ruben Gallego are said to have finalized an approach to the crypto Clarity Act’s disputed ethics section, though details remain undisclosed. The compromise could determine whether the broader digital asset market structure bill can gather enough support before the Senate’s August recess.

The U.S. Senate is delaying floor action on the Digital Asset Market Clarity Act while leadership prioritizes federal nominations and a Russia sanctions bill. The schedule leaves crypto market structure legislation facing a narrowing path before the chamber’s summer recess and a likely September window for renewed momentum.

The Digital Asset Market Clarity Act is facing a deepening Senate fight over ethics limits aimed at senior government officials and President Donald Trump’s crypto interests. Democrats say the proposed restrictions are too weak, while the White House and Republican supporters argue the concessions are historic and should clear the way for passage.

Bitcoin options traders have built a major concentration of open interest around the $70,000 and $72,000 strikes on Deribit. The positioning is heavily tilted toward calls, though some bullish bets have recently been trimmed as CLARITY Act expectations cooled.

Senate leadership signaled that the Digital Asset Market Clarity Act is unlikely to clear its key pre recess window, weakening the odds of passage in 2026. White House crypto adviser Patrick Witt pushed back, saying the first week of August may still offer room for Senate action.

A circulating Senate draft of the Digital Asset Market Clarity Act includes a disputed crypto conflict-of-interest provision that would sunset in 2029. The bill remains under intense negotiation as lawmakers race to move a sweeping digital asset market structure package before the summer recess.

Senate negotiations over the Digital Asset Market Clarity Act are increasingly focused on whether senior U.S. officials and their families should face strict limits on crypto ownership, sponsorship and disclosures. Democrats say the bill cannot advance without ethics safeguards, while Republican supporters are pushing to keep the long-awaited market structure effort moving toward a vote.