Blockchain Association Urges Senate to Pass CLARITY Act

The Digital Asset Market Clarity Act would establish a federal framework for U.S. crypto markets, dividing oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission while imposing registration, customer-asset segregation and disclosure rules on platforms serving Americans. The measure matters because the United States still lacks a comprehensive regime for digital assets. The House passed H.R. 3633 by 294-134 on July 17, 2025, putting the focus on whether the Senate can complete the framework.

Blockchain Association CEO Summer Mersinger said on August 21, 2026, that reopening negotiated language could sink the bill before the Senate’s September 15 vote on whether to begin debate, which requires 60 votes. Fewer than three working weeks would then remain before the fall spending battle crowds out legislation. She rejected American Bankers Association proposals to use “substantially similar to interest” and delete “solely” from stablecoin-rewards provisions, calling them substantive changes. Mersinger also said U.S. bank deposits have risen by more than $800 billion over three consecutive quarters since the GENIUS Act passed.