The U.S. Senate has not decided whether it will vote on the Digital Asset Market Clarity Act before the summer recess on Aug. 7. The bill is designed to set a clearer regulatory framework for digital assets, though some provisions are still under negotiation. A legislative aide said the White House is reviewing an ethics provision that would bar government officials from profiting from the cryptocurrency industry. The Senate is also dealing with other priorities, including the attorney general nomination, which could take up floor time. If lawmakers do not move the bill forward this week, discussion may be pushed back until the Senate returns in September. The update was cited by Techub, referencing CoinDesk.
The U.S. Senate has not decided whether it will hold a vote on the Digital Asset Market Clarity Act before the summer recess on Aug. 7.
The bill is meant to clarify the regulatory framework for digital assets, but some provisions are still being negotiated. A legislative aide said the White House is reviewing a proposed ethics provision that would prohibit government officials from profiting from the cryptocurrency industry.
The Senate also has other priorities to handle, including the attorney general nomination, and those items could crowd out time for debate. If the bill does not advance this week, it may be taken up after lawmakers return in September. The report was attributed to CoinDesk.
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