Senate could vote on the US Digital Asset Market Clarity Act as soon as next week
AI Market Summary
U.S. lawmakers are nearing completion of the Digital Asset Market Clarity (CLARITY) Act, with a potential Senate vote as soon as next week, but passage hinges on agreement over ethics provisions and securing Democratic votes in a narrowly split chamber. The headline raises near-term regulatory-event risk for crypto market structure, with outcomes sensitive to bipartisan negotiations and any revisions tied to disclosure and anti-corruption concerns.
Impact level
● High
Affected assets
BTC/USDT-1.00%
AI Insight · BTC/USDTAI Insight
● Neutral
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According to ME News, Summer Mersinger—CEO of the Blockchain Association and a former U.S. Commodity Futures Trading Commission (CFTC) commissioner—said on July 17 (UTC+8) that the core text of the Digital Asset Market Clarity (CLARITY) Act moving through Congress is nearly finalized, with only minor items left to resolve.
Mersinger said a Senate vote could come as early as next week if lawmakers can align on the bill's ethics provisions. She described ethics language as the key sticking point, noting that the White House met earlier today with several Republican senators and that any outcome would still need to be accepted or revised by Democrats to reach agreement.
On Tuesday, three Democratic senators said they would not back the crypto market structure legislation without explicit ethics safeguards, citing concerns tied to Trump's digital-asset financial disclosures and potential corruption risks. With Republicans holding only a slim Senate majority, passage would require support from multiple Democratic senators. (Source: ODAILY)
