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FollowingSenate delays cryptocurrency bill until September
The U.S. Senate has postponed vote on the Digital Asset Markets Clarity Act until September. The bill is a key part of legislation on the structure of the cryptocurrency market, which means its chances of passing before the August recess have been completely dashed.
Politico senior congressional reporter Jordain Carney reports Senate Majority Leader John Thune postponed the vote until September.
This "Clarification Bill," which has been passed by the House of Representatives, aims to clarify the division of jurisdiction between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission in the field of digital assets.
Republicans currently hold 53 Senate seats, but the bill needs 60 votes to pass, which means the support of at least seven Democratic lawmakers is needed.
Democrats refused to agree on a timetable, saying more consultations were needed on ethical terms and revenue payments.
Narrowing windows and rising political risks
Postponing voting until September means the bill will enter a session already crowded with appropriations bill battles-which comes ahead of the November midterm elections, reducing available house time and increasing the implementation risk of the bill passing in 2026.
The focus of controversy remains on the ethics clause that prohibits senior U.S. officials, including President Trump, from supporting or participating in cryptocurrency projects. Trump has agreed to a compromise, but Democrats believe the restrictions are not enough.
Some details of the Clarification Act itself are still being negotiated, including provisions addressing illicit finance and agriculture issues, not to mention ethical provisions designed to prevent senior government officials such as President Donald Trump from profiting from the cryptocurrency industry.
predicts that the market's probability of passage of the bill this year has dropped, from 18% a day ago to 15.5% compared with 30% a week ago.
The delay eliminates the possibility of the digital asset market gaining regulatory clarity in the near future, extending the uncertainty that companies have claimed has restricted their custody and product planning since the bill passed committee review in May.
