Digital Asset Market Clarity Act Stalled in US Congress
The Digital Asset Market Clarity Act faces significant hurdles in its path to becoming law, according to two officials from the Trump administration's digital-asset policy team.
Tyler Williams, a former counselor to the Treasury secretary for digital assets, described the legislation as 'mostly dead, but not entirely dead,' placing its chances at a low percentage.
The bill, which would establish a federal market-structure framework for digital assets and clarify jurisdictional boundaries between regulatory agencies, failed to advance in the US Senate after a September 15 vote.
Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, emphasized that the vote was procedural rather than final passage, but acknowledged that lawmakers remained far apart on key issues.