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SEC Chairman Paul Atkins said he expected the Digital Asset Market Clarity Act to move forward in September as the Senate prepares to vote on another crypto market-structure bill.
Atkins told Fox Business he expected the measure to be considered on September 15. He also said he hoped the bill would pass the Senate and be signed into law by President Donald Trump. However, given that this was not a passage vote, the Senate was expected to vote on cloture on the motion to proceed, effectively determining whether the Senate will consider the bill in full session.
Senate Majority Leader John Thune filed cloture before Congress recessed in August. Cloture motions, which legally cannot be filed until 30 hours after the bill was filed, require 60 votes, which would require the support of Democrats in addition to the Republicans.
The CLARITY Act would establish a federal framework for regulating digital assets and draw clear lines of jurisdiction over digital assets between the SEC and CFTC. H.R. 3633 passed the House of Representatives in July 2025 with a vote of 294-134, with 78 Democrats voting in favor. The Senate Banking Committee voted to advance its version in May 2026.
Nonetheless, talks stalled ahead of the August recess over the score of stablecoin rewards, ethics rules, and financial-crime safeguards. Banking groups criticized stablecoin rewards, fearing they may reduce bank deposits if used by financial service providers.
Alongside this, crypto companies have opposed the provisions that would prevent sharing revenue between platforms and consumers.
Disagreements about ethics rules have also occurred. Democrats pushed for tighter rules on officials trading digital assets and profiting from crypto-assets, while Republicans argued the demands kept shifting throughout negotiations.
Atkins said the SEC is working to modernize its approach to blockchain and crypto assets, and Congress needs to write permanent rules for the technology, but that regulators will be acting under their current authority in the meantime.
The CFTC regulates crypto derivatives, can investigate and prosecute fraud and manipulation in spot commodity transactions, and could regulate spot markets, but would need congressional authority to do so for digital commodity spot markets.
The next obstacle was the Sept. 15 cloture vote. If the cloture vote passed, the bill would proceed to final Senate consideration, but would still need to be reconciled with the House bill. The reconciled bill would then be sent to the president for final consideration.
For Atkins, congressional and agency action are running parallel tracks: whether the Senate will consider the CLARITY Act in formal floor deliberation this month after negotiations deferred it over the summer.
Source: <a href="https://<a href="https://xpertsstudio.com/bitcoin-etfs-see-inflows-as-ether-and-xrp-etfs-end-streaks/” title=”Bitcoin ETFs See Inflows as Ether and XRP ETFs End Streaks”>bitcoinfoundation.org/news/regulation/sec-chair-paul-atkins-sees-clarity-act-advancing-as-crucial-senate-vote-nears/” target=”_blank” rel=”nofollow noopener”>bitcoinfoundation.org