Key facts
- The Senate is scheduled to hold a floor vote on the Crypto Clarity Act next week.
- Grayscale Investments is urging lawmakers to pass the Digital Asset Market Clarity Act before the August recess.
- The bill aims to establish clearer market-structure rules for digital assets and define oversight between the SEC and CFTC.
- Senator Cynthia Lummis has criticized Democrats for perceived delays in advancing the legislation.
- Treasury Secretary Scott Bessent accused Senate Democrats of delaying the bill due to pressure from anti-crypto allies.
Grayscale Investments has added pressure for the Senate to vote on the Digital Asset Market Clarity Act, also known as H.R. 3633, before the August recess. The firm, which holds digital assets for hundreds of thousands of Americans, stated the bill would create clearer market-structure rules and define oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.