Senate’s New Digital Asset Bill Aims to Resolve SEC and CFTC Jurisdiction

The US Senate Agriculture Committee has introduced a bipartisan draft bill to establish a regulatory framework for digital assets, building on the CLARITY Act passed by the House in 2025. The legislation grants the CFTC oversight of digital commodity markets while clarifying jurisdictional boundaries between the CFTC and SEC—a long-standing point of contention.

Key provisions include strengthened consumer protections, explicit self-custody rights, and a formal definition of digital commodities. Industry stakeholders welcome the clarity but urge expanded safeguards for DeFi protocols and developers, noting lingering ambiguities in the current draft.

The bill represents a coordinated effort to bring regulatory certainty to crypto markets. Its passage could accelerate institutional adoption by resolving the SEC-CFTC turf war that has stifled innovation. Market participants now await amendments addressing DeFi’s unique compliance challenges.