Senate Vote Looms on Crypto Market Structure Bill

The US Senate is preparing to vote on the Digital Asset Market Clarity Act (H.R. 3633), which would bring regulatory clarity to the crypto market by establishing clear jurisdictional lines between the SEC and CFTC.

The bill, expected to hit the Senate floor during the week of August 3, has already passed in the House with a procedural motion to proceed anticipated as early as July 27-28.

The merged draft combines input from both the Senate Banking Committee and the Agriculture Committee and includes an ethics provision addressing conflicts of interest for government officials.