Senate Delays Vote on Digital Asset Market Clarity Act Until September

The US Senate has postponed its vote on the Digital Asset Market Clarity Act until September, pushing back the crypto industry's top legislative priority. The bill, which would establish a system for regulating digital commodities through the Securities and Exchange Commission and the Commodity Futures Trading Commission, was passed by the House in July 2025 with a 294-134 margin.

The Senate Banking Committee advanced its own negotiated version of the bill on May 14 this year, but it has not reached a floor vote despite months on the Senate's legislative calendar. Senate Majority Leader John Thune had indicated that the bill would get a vote before the chamber's recess, but competing priorities, including federal nominations and a Russia sanctions bill, took precedence.

A key sticking point in the negotiations over the bill has been an ethics provision aimed at limiting senior government officials' ability to profit from the crypto industry. Negotiations over this language continued into early August, with the White House engaging on a compromise proposal from lawmakers.