Senate Set to Vote on Clarity Act, a Comprehensive Digital-Asset Market Structure Bill
The U.S. Senate is set to hold a crucial vote on September 15 to determine whether the Clarity Act, a comprehensive digital-asset market structure bill, can move forward towards final consideration. The bill aims to establish clearer regulatory responsibilities for different types of crypto assets and market intermediaries.
President Donald Trump has accepted significant new ethics restrictions in an effort to win Democratic support. However, the legislation still faces resistance from lawmakers and banking groups over concerns about stablecoin rewards and regulatory jurisdiction.
The bill would also establish a clearer jurisdictional line between federal regulators, preserving securities oversight where appropriate while giving the CFTC clearer authority over digital commodities and centralized intermediaries operating in those markets.