Senate Republicans Push for Digital Asset Regulation Clarity Following CLARITY Act

Senate Republicans are advancing a revised digital asset market structure bill, incorporating elements from the House-passed CLARITY Act. The updated draft aims to clarify whether cryptocurrencies should be classified as securities or commodities, addressing a long-standing regulatory gray area.

The Responsible Financial Innovation Act seeks to establish a consistent framework for digital asset oversight in the U.S. With the Senate Banking Committee set to vote later this month, bipartisan support remains crucial—particularly from at least seven Democrats—to send the bill to President Trump's desk.

Market participants have awaited regulatory clarity as crypto adoption grows. The CLARITY Act's bipartisan House passage in July laid groundwork for this Senate effort, signaling potential for cross-aisle cooperation on digital asset policy.