The Clarity Act, a crypto market-structure bill designed to define regulatory oversight of digital assets, is approaching final passage in the U.S. Senate. Senate negotiators describe the legislation as 'almost there,' while Treasury Secretary Scott Bessent characterized its progress as being at the '1-yard line.' Lawmakers are working to advance the measure before the August recess, signaling growing momentum for establishing clearer rules governing the crypto industry. The bill aims to resolve longstanding questions about how digital assets should be classified and which agencies should regulate them, a key demand from industry participants seeking legal certainty. Passage would mark a significant step in U.S. crypto policy, though the timeline remains dependent on final negotiations. The comments from both a sitting senator and the Treasury Secretary suggest coordinated support across legislative and executive branches for moving the framework forward.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.