Senate Republicans Release Updated Crypto Market Bill Ahead of Key Vote

Senate Republicans released a revised version of the Digital Asset Market Clarity Act this week, adjusting how the bill treats decentralized finance platforms and credit unions handling digital assets. Most of the bill’s core structure remains unchanged from earlier drafts.

DeFi Registration and Compliance Details

The updated text outlines when decentralized finance projects must register with federal commodities regulators and meet anti-money-laundering requirements. It also narrows the DeFi provisions to cover only spot-market and cash digital asset transactions, leaving prediction markets untouched. Credit unions also gain clearer guidance on digital asset activities.

Vote Faces Uncertain Path in Senate

A procedural vote is scheduled for next Tuesday, requiring 60 votes to advance. Democrats remain divided over the absence of an ethics agreement addressing potential crypto-related conflicts of interest involving senior officials. Industry groups and administration figures have urged lawmakers to move the process forward, warning delays could weaken U.S. leadership in digital asset regulation.