Digital Asset Market CLARITY Act heads to Senate markup next week
CLARITY Act slated for Senate markup next week, Sen. Tim Scott says
The Digital Asset Market Clarity Act, intended to provide the US crypto industry with clearer regulatory guidelines, is expected to reach the Senate for consideration next week, according to US Senator Tim Scott.
“Next Thursday, we’ll have a vote on market structure,” Scott told Breitbart News on Tuesday. “It’s important for us to get on the record and vote.”
“We have worked tirelessly for the last six plus months making sure that we had multiple drafts available to every member of the committee,” Scott said.
The update aligns with comments made in December by White House AI and crypto czar David Sacks that the landmark crypto regulatory bill—designed to set a comprehensive framework for US crypto market structure—was set for a Senate markup in January. The House of Representatives approved the legislation in July 2025. If the Senate passes it without changes, the bill will not need to return to the House and can proceed to US President Donald Trump for final approval.
Outstanding issues remain for the CLARITY Act
Industry leaders have debated the bill’s potential impact since it was introduced in the House of Representatives in May 2025, and as a Senate vote nears, stakeholders remain split.
MetaLeX founder and crypto attorney Gabriel Shapiro said the United States is “probably going to get a crypto market structure bill.” He noted ongoing concerns over illicit finance but suggested “some deal” could be reached.
Others are less certain about a near-term resolution. Galaxy Digital head of research Alex Thorn said in an X post on Tuesday that after reviewing a document from a bipartisan Senate meeting, it is “unclear if the two sides can come together and make that bipartisan as plenty of issues are still outstanding.”
Thorn added that Democrats are still seeking several changes to the bill, including requiring DeFi front-ends to comply with sanctions so interfaces can block illegal transactions, and granting the US Treasury’s Office of Foreign Assets Control “special measures” to act against entities involved in illicit activity.
However, Castle Island Ventures founding partner Nic Carter said those requests are “actually pretty reasonable.”
Market volatility amid regulatory uncertainty: CoinShares
Some market participants say the delay in passing the legislation may have contributed to recent crypto market volatility.
Crypto investment firm CoinShares recently attributed $952 million in outflows from crypto investment products during the week ending Dec. 19 to delays in passing the CLARITY Act, citing prolonged “regulatory uncertainty” as a potential catalyst.
Coinbase Institutional head of strategy John D’Agostino told CNBC on Friday that he understands “why this is taking longer.” “It’s the kind of bill that is quite frankly more foundational for the growth of crypto or any real asset class,” D’Agostino said.
#Cryptocurrencies #United States #Regulation
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