US Senators Push to Finalize Crypto Market Bill as Shutdown Standoff Deepens
Bipartisan negotiations on the CLARITY Act, a landmark crypto market regulation package, have intensified in the Senate despite the ongoing government shutdown. Lawmakers are racing against the clock to establish a regulatory framework for digital assets before election-year politics derail progress.
Senate Agriculture Committee Chair John Boozman (R-Ark.) and Sen. Cory Booker (D-N.J.) are working daily to finalize their portion of the legislation, which WOULD classify certain digital assets as commodities. Boozman anticipates a committee vote before Thanksgiving, stating unequivocally: "We're going to get it done this year."
The effort spans multiple committees, including Banking and Finance, as legislators seek to define how cryptocurrencies fit within existing regulatory structures. Momentum is building, with Senators Cynthia Lummis (R-Wyo.), Ruben Gallego (D-Ariz.), and others actively engaged in shaping the future of crypto oversight.
