U.S. Senator Jon Husted publicly backed the Digital Asset Market Clarity Act on July 28, saying the country needs a clear, enforceable regulatory framework that supports innovation and jobs if it wants to remain a leader in digital assets. The bill would create what is described as the first comprehensive federal framework for crypto regulation in the United States, splitting oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. It would classify tokens into three categories, give the CFTC exclusive authority over digital commodity spot markets, and leave the SEC in charge of assets that still resemble securities. At the same time, Galaxy Research lowered its estimate of the bill becoming law in 2026 to 30% from 50%. Alex Thorn, the firm’s head of research, said the Senate’s 60-vote threshold remains the main obstacle and that supporters may not yet have even a simple majority. A revised version of the bill would also bar the president, vice president, members of Congress, federal judges, and their spouses from receiving compensation through issuing or sponsoring digital assets during their terms through January 2029, while requiring covered officials to sell crypto holdings or place them in a blind trust.
U.S. Senator Jon Husted publicly endorsed the Digital Asset Market Clarity Act on July 28, saying the United States needs a clear and enforceable regulatory framework that supports innovation and jobs if it wants to stay ahead in digital assets.
The CLARITY Act would establish what is described as the first comprehensive federal framework for crypto regulation in the U.S. It would divide jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill classifies tokens into three categories, gives the CFTC exclusive authority over digital commodity spot markets, and leaves the SEC to continue overseeing assets that still resemble securities.
Galaxy Research has lowered its probability estimate for the CLARITY Act becoming law in 2026 to 30%, down from 50%. Alex Thorn, the firm’s head of research, said the Senate’s 60-vote threshold is the main hurdle and that supporters may not yet have secured even a simple majority.
A revised version of the bill would prohibit the president, vice president, members of Congress, federal judges, and their spouses from receiving compensation through issuing or sponsoring digital assets during their terms through January 2029. It would also require covered officials to sell their crypto holdings or place them into a blind trust.
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