Digital Asset Market Clarity Act

JPMorgan supports the U.S. Digital Asset Market Clarity Act but urges Congress to prioritize regulatory safeguards to avoid financial risks. The bank warns that gaps in the legislation could push activity into unregulated channels and weaken consumer protections, particularly for stablecoins and decentralized finance platforms.

Law enforcement and Catholic groups warned the U.S. government that the CLARITY Act could create crypto crime loopholes by weakening oversight tools and exempting certain digital asset services from anti-money laundering requirements. The groups argued that Section 604 of the bill risks enabling criminal activities by shielding developers and decentralized finance businesses from accountability.

Congress has scheduled a hearing for the Digital Asset Market Clarity Act (H.R. 3633) on July 17 in New York. The bill aims to establish a regulatory framework by assigning the CFTC authority over Bitcoin spot markets and the SEC over investment contracts. It has gained momentum in Congress with bipartisan support but faces challenges in reconciling Senate and House versions.

The U.S. Senate passed the 21st Century ROAD to Housing Act, which includes a four-year ban on a Federal Reserve-issued central bank digital currency (CBDC) through 2030. The bill, passed 85-5, aligns with President Donald Trump's January 2025 executive order opposing CBDCs, and faces potential House fast-tracking for presidential signature.

The CLARITY Act, formally the Digital Asset Market Clarity Act, is a proposed U.S. cryptocurrency market structure bill aimed at establishing a federal framework for issuing, trading, and regulating digital assets. It focuses on ensuring crypto firms comply with federal laws and clarifying regulatory oversight.

Over 60 cryptocurrency industry leaders, including executives from Coinbase, a16z crypto, and Uniswap, urged Senate leaders to pass the Digital Asset Market Clarity Act with protections for blockchain developers intact. The letter emphasized Section 604 (BRCA) of the bill, which shields non-controlling developers from federal money transmission prosecution, as critical to sustaining U.S. blockchain innovation. The bill passed the House in July 2025 and cleared the Senate Banking Committee in May 2026 but remains pending in the full Senate.

A coalition of over 200 crypto companies and organizations urged Senate leaders to schedule the Digital Asset Market Clarity Act for a full Senate vote, emphasizing the need for U.S. leadership in regulating digital asset markets. The letter, signed by entities like Coinbase, Ripple, and Binance.US, highlights bipartisan support and the bill's potential to establish federal oversight and clarify regulatory roles between the SEC and CFTC.

The Senate Banking Committee voted on the Digital Asset Market CLARITY Act, a comprehensive 309-page regulatory framework for digital assets in the US. Citi research projects a $143K Bitcoin target for 2026 if the act passes, with expectations of $15 billion in additional ETF inflows. Despite this potentially bullish regulatory development, Bitcoin is down 1.5% at $79.5K.

The Bitcoin price surged 3% past $82K after the Senate advanced the Digital Asset Market Clarity Act. The act aims to provide a federal framework for digital asset trading and oversight. This development has fueled a Bitcoin credit boom, with STRC and SATA extending their Bitcoin accumulation programs.

Coinbase CEO Brian Armstrong supports the Digital Asset Market Clarity Act, a crypto market structure bill that could reshape American finance. The Senate Banking Committee is set to hold a markup of the bill on May 14. A full Senate floor vote is targeted for June or July 2026.

The Senate Crypto Bill faces over 100 amendments ahead of a Thursday markup vote, which could reshape digital asset regulation in the United States. The bill has sparked opposition, led by Senator Elizabeth Warren, who submitted more than 40 amendments. The dispute centers around stablecoin yield products and their potential impact on traditional banking.

The Senate Banking Committee has scheduled a markup of the Digital Asset Market Clarity Act for May 14, amidst resistance from Democrats and a lobbying blitz from major banks. The bill aims to draw a regulatory boundary between the Securities and Exchange Commission and the Commodity Futures Trading Commission. If passed, it will have significant implications for the cryptocurrency industry.