The National Sheriffs' Association shifted from opposing to neutral on the Digital Asset Market Clarity Act, removing a key obstacle to the crypto market structure bill. House sponsor French Hill says the Senate may now have votes to pass the legislation.
SEC Chairman Paul Atkins has expressed confidence that the Senate will hold a procedural cloture vote on the CLARITY Act on September 15, with the crypto regulatory framework legislation expected to advance this month. The bill aims to provide regulatory clarity for digital assets in the U.S.
The U.S. Senate returns from recess on September 14 with 14 working days to advance the Digital Asset Market Clarity Act before midterm campaigning halts legislative activity. The bill would establish a regulatory framework for crypto assets, with major banks supporting clear rules while raising concerns about stablecoin provisions.
President Donald Trump is expected to attend a White House meeting on August 19 with executives from major cryptocurrency companies including Coinbase, Ripple, Kraken, Gemini, Robinhood, and prediction market firms. The meeting kicks off a week of regulatory discussions involving the SEC and CFTC.
Mark Esper, former U.S. Defense Secretary and Coinbase adviser, called on the Senate to pass the CLARITY Act in a Financial Times op-ed, arguing that digital asset regulation is essential to counter threats from China and North Korea. The appeal comes as Senate Majority Leader John Thune filed a motion to proceed on the bill, setting up a procedural vote for September.