US Senate Agriculture Committee to Release Digital Asset Market Structure Bill
- The US Senate Agriculture Committee is set to release the text of the Digital Asset Markets Clarity (CLARITY) Act by Wednesday.
- Chair John Boozman announced a markup hearing for the bill scheduled for the following Tuesday.
- Coinbase recently withdrew its support for a related bill in the Senate Banking Committee, complicating legislative efforts.
- Some Senate Democrats are advocating for stricter regulations on decentralized finance within this market structure legislation.
- President Trump stated he intends to sign the market structure bill into law “very soon.”
The upcoming midterm elections in November could impact the passage of this legislation, as lawmakers may face complications from campaign activities. Senator Thom Tillis indicated that there is a limited window until early January or February to finalize crypto legislation before potential electoral disruptions.
With the Agriculture Committee’s markup hearing approaching, it remains uncertain whether both committees can align on a unified market structure bill before midterm elections potentially shift congressional control.(Source)
