Grayscale Pushes Senate to Vote on CLARITY Act Before August Recess

Grayscale Investments has urged the Senate to vote on the CLARITY Act before its August recess, as lawmakers face mounting pressure to resolve disputes holding up the crypto market structure bill.

The Digital Asset Market Clarity Act would divide digital asset oversight between the SEC and CFTC. However, ethics restrictions involving federal officials remain a sticking point in bipartisan negotiations.

Grayscale, which manages hundreds of thousands of Americans' digital asset investment products, has called for action on the bill, citing its direct interest in clearer federal rules.