Over 100 priorities from Democrats have been integrated into the revamped Clarity Act, Senator Cynthia Lummis revealed, urging Congress to move quickly on the bill. This legislation aims to clearly divide regulatory authority over digital assets between the SEC and the CFTC, resolving long-standing jurisdictional confusion that has hindered the crypto sector.
Although the bill won approval from the Senate Banking Committee with a 15-9 vote back in May, it still awaits a full Senate vote. Lummis’s emphasis on bipartisan cooperation signals growing momentum for the bill’s passage. Market sentiment mirrors cautious optimism, with prediction markets showing the chance of the bill passing falling slightly from 30% to 27.5%, reflecting lingering concerns over regulatory boundaries and ethics rules.
Senate Majority Leader John Thune’s scheduling decision will be a key factor in the bill’s progress alongside stances from influential figures such as President Trump and top Democrats. The outcome could reshape how digital assets are overseen, impacting exchanges, investors, and the broader crypto ecosystem.
