todayonchain.com

CLARITY Act Headed For Markup: US Senator Tim Scott

Cointelegraph
US Senator Tim Scott announced the Digital Asset Market Clarity Act will face a Senate markup next week.

Summary

US Senator Tim Scott confirmed that the Digital Asset Market Clarity Act, designed to bring regulatory clarity to the US crypto industry, is scheduled for a Senate markup next Thursday. The bill previously passed the House of Representatives in July 2025, and if the Senate passes it without amendments, it can proceed directly to President Donald Trump. Despite this progress, the industry remains divided on the legislation's final form. Concerns persist, particularly regarding illicit finance and sanctions compliance for DeFi front-ends, which Democrats are reportedly pushing for. While some industry figures see a potential deal, others, like Alex Thorn of Galaxy Digital, remain uncertain if bipartisan consensus can be reached on outstanding issues. Some market participants, such as CoinShares, have linked recent crypto market outflows to the prolonged regulatory uncertainty caused by the bill's delay.

(Source:Cointelegraph)