Counting down the days: State of Crypto
The Digital Asset Market Clarity Act faces significant procedural hurdles in the U.S. Senate as the 2026 legislative window narrows. Negotiations are currently stalled over ethics provisions, which remain the primary obstacle to advancing the bill before the upcoming recess.
Why it matters
The passage of this act is a pivotal moment for the cryptocurrency industry, as it aims to establish a clear regulatory framework for digital assets and stablecoins in the United States.
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As of Friday, July 31, the Senate had not filed a motion to proceed for the Digital Asset Market Clarity Act, the first required step in advancing the bill through the Senate.
Time is running short for the Clarity Act to make it through the Senate in 2026. We're at the point now where the industry is saying that a procedural vote this week could tee the bill up for passage when the Senate returns from recess in September. Though unlike death and taxes, this is far from certain.
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