U.S. Treasury Secretary Scott Bessant called on Congress to pass the Digital Asset Markets Clarity Act as soon as possible; with the Senate resuming related procedures, this crypto legislation has once again become the focus of policy discussions in Washington.
Several officials publicly supported
Bessant stated that the United States needs to keep the digital asset industry more domestically and become the global center of this industry, rather than allowing related businesses to continue to flow overseas.
U.S. Securities and Exchange Commission Chairman Paul Atkins recently stated that the long-standing conflict between regulators and new technologies is over, and the current administration is attempting to provide clearer rules for the digital asset market.
Senator Cynthia Loomis emphasized consumer protection. She stated that in the absence of a clear legal framework, customers of bankrupt cryptocurrency exchanges have no clear protection for their own assets and often have to queue up with other creditors to claim compensation.
Senate proceedings continue
The bill garnered strong bipartisan support in the U.S. House of Representatives in July 2025, but its progress stalled in the Senate. Recently, the Senate Banking Committee passed its version of the CLARITY bill by a vote of 15 to 9.
However, the bill still has several procedures to go before it officially takes effect. The versions from both houses need to be coordinated, and then each house must vote on it separately. Furthermore, the legislative timeframe before the midterm elections is relatively limited.
The market is focused on the prospects of the final signing.
Despite growing support, it remains uncertain whether the bill will be signed into law. The report mentions that the prediction platform Polymarket currently gives it approximately a 56% chance of passing.
If the bill is ultimately passed, the division of regulatory responsibilities, corporate compliance pathways, and investor protection arrangements in the US digital asset market are expected to become clearer, which will also affect the business layout of crypto companies in the United States.
