Senate Delays Digital Asset Market Clarity Act Until September

The Digital Asset Market Clarity Act (H.R. 3633), a major U.S. legislative proposal, has been delayed in the Senate until September due to disagreements over ethics rules and a packed legislative calendar.

The bill would split crypto oversight between the SEC and CFTC while adding new ethics restrictions for federal officials and stablecoin enforcement powers.

Banking groups have warned that the proposal leaves anti-money laundering gaps for DeFi platforms and transaction mixers, while major financial firms like BlackRock and Goldman Sachs have backed the legislation.