The U.S. Senate Banking Committee has advanced the Digital Asset Market Clarity Act of 2025, sending the bill to the full Senate after a 15-9 vote on Wednesday. According to journalist Eleanor Terrett and committee records, Democratic senators Ruben Gallego and Angela Alsobrooks joined Republicans in backing the measure, giving the vote a bipartisan result.
Committee vote moves market structure bill to the Senate floor
The legislation was considered as H.R. 3633 during the committee markup led by Banking Committee Chairman Tim Scott. Its main aim is to establish a federal framework for digital asset markets in the United States. Committee officials said the vote came after nearly a year of negotiations.
Support for the bill did not erase the divisions aired during the hearing. Senator Elizabeth Warren criticized the legislation, saying it was too focused on industry interests and warning about fraud-related risks. Republican Senator Cynthia Lummis defended the bill’s design, arguing that the framework includes safeguards intended to reduce illicit activity in crypto markets. Senator Thom Tillis also spoke in favor of the measure during debate over regulatory clarity and enforcement provisions.
Amendment debate centered on ethics rules and oversight powers
Lawmakers also reviewed several amendments tied to ethics restrictions, oversight authority, and consumer protection. One proposal from Senator Chris Van Hollen sought to bar government officials and their families from holding crypto-related interests. That amendment failed in a party-line vote.
Questions over regulatory authority remained central to the markup. Backers of the bill pointed to provisions they said would place digital asset markets under clearer federal supervision. Critics focused on possible enforcement gaps and risks within the industry. Tim Scott said the committee process involved extended negotiations and debate over competing priorities. The next phase now shifts to the Senate floor, where additional debate and procedural votes will decide how the bill proceeds.