House Crypto Bill Advances Amid Industry Hopes for Senate Revisions

The U.S. House of Representatives is poised to pass the Digital Asset Markets Clarity Act, with at least 30 Democratic votes expected to join the Republican majority. The legislation marks a pivotal moment for crypto regulation after years of uncertainty, though industry leaders acknowledge its imperfections.

Key players anticipate Senate revisions, particularly around jurisdictional clarity between the CFTC and SEC. "This is a welcome step, even if it isn't perfect," said Chen Arad of Solidus Labs, highlighting the bill's significance despite needed improvements.

Behind closed doors, crypto executives are coordinating messaging to present a unified front. The Senate is expected to draft its own version with substantial overlap but potential divergences on critical regulatory approaches.