Lawmakers acknowledge bipartisan gaps remain in the Digital Asset Market Clarity Act, delaying its advancement despite near-complete negotiations.
The U.S. Senate Banking Committee’s markup hearing on the Digital Asset Market Clarity Act revealed persistent partisan divisions, stalling progress on the crypto market structure bill. Republican Senator Cynthia Lummis stated only about 1% of the legislation remains unresolved, though Democrats have yet to endorse the current draft.
The hearing aimed to address amendments and refine the bill’s language, a critical step toward securing broader Senate support. Previous negotiations have failed to bridge key differences, leaving the legislation’s future uncertain despite its long-awaited review.
While Republicans currently back the proposal, the bill’s success hinges on securing sufficient Democratic votes to advance in the Senate. No immediate market reaction was reported following the hearing.