A U.S. crypto market structure bill could move to a Senate vote as soon as next week if lawmakers can settle remaining disputes over ethics language, according to Summer Mersinger, chief executive of the Blockchain Association and a former commissioner at the Commodity Futures Trading Commission. Mersinger said the main text of the Digital Asset Market Clarity, or CLARITY, Act is nearly finished, with only a small number of details still being worked out.
She said ethics provisions have become the central sticking point. The White House met with some Republican senators on the day of her comments, but any outcome from those talks would still need to be accepted by Democrats or revised before an agreement can be reached. The issue has taken on added weight after three Senate Democrats said Tuesday they would not support a crypto market structure bill without clear ethics rules.
Those Democratic senators also pointed to Trump’s digital asset-related financial disclosures and what they described as potential corruption risks. Republicans hold only a narrow majority in the Senate, meaning the bill would need support from multiple Democrats to pass.
A U.S. crypto market structure bill could be voted on in the Senate as soon as next week if lawmakers reach agreement on ethics provisions, according to Summer Mersinger, chief executive of the Blockchain Association and a former commissioner at the Commodity Futures Trading Commission.
Mersinger said the main text of the Digital Asset Market Clarity, or CLARITY, Act is close to completion, with only a small number of details still unresolved.
Ethics language remains the key issue
She said ethics provisions are now at the center of negotiations. The White House met with some Republican senators on the day of her remarks, but the outcome of those talks would still need to be accepted by Democrats, or revised before a deal can be reached.
On Tuesday this week, three Senate Democrats said they would not support the crypto market structure bill without clear ethics language. They also cited Trump’s digital asset-related financial disclosures and potential corruption risks.
Republicans hold only a narrow majority in the Senate, so the bill would require backing from multiple Democrats to pass.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
