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The bill that would finally tell American crypto companies which regulator governs them is moving again.
Republican senators released what they called the final text over the weekend, containing a revised ethics package that US President Donald Trump has agreed to after months of deadlock.
The CLARITY Act, formally the Digital Asset Market Clarity Act, would divide supervision of digital assets between the US Commodity Futures Trading Commission and the Securities and Exchange Commission, replacing a fragmented system in which classification has largely been settled through enforcement actions and litigation.
The House passed its version in July 2025 by 294 votes to 134, and the sticking point since then was Trump himself.
The US president’s financial disclosures showed crypto-linked income of between $1.4 billion (€1.2bn) and $2.2 billion (€1.9bn), including the TRUMP memecoin and World Liberty Financial, a decentralised finance venture tied to his family.
Democrats wanted enforceable restrictions that the White House resisted until now.
Under the agreed text, federal officials and their spouses must divest significant crypto holdings or place them in a blind trust, and are barred from issuing or sponsoring digital assets while in office.
State attorneys general will be able to enforce those rules, a concession the White House had previously rejected because it exposes the president to prosecutors he does not appoint.
US Senator Cynthia Lummis, the Wyoming Republican who has led crypto legislation in the Senate since co-authoring the Responsible Financial Innovation Act in 2022, published the text alongside Banking Committee chair Tim Scott and Agriculture chair John Boozman, whose panels oversee the two agencies the bill divides power between.
In a social media post, Lummis stated that Trump “voluntarily agreed to new ethics provisions.”
After a year of intense daily bipartisan negotiations, this bill is ready. Here is the final text. President Trump voluntarily agreed to new ethics provisions holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in U.S.…
— Senator Cynthia Lummis (@SenLummis) September 14, 2026
Last week, US Treasury Secretary Scott Bessent had already pressed lawmakers publicly to get the bill moving.
In July, I called on the Senate to advance the Clarity Act — a bill to establish a comprehensive regulatory framework for digital assets and upgrade our ability to prevent bad actors from exploiting these critical technologies.
When the Senate returns from August recess, I…
— Treasury Secretary Scott Bessent (@SecScottBessent) September 9, 2026
Markets move but the vote is only procedural
<a href="https://xpertsstudio.com/cartel-linked-<a href="https://xpertsstudio.com/why-bitcoin-and-tech-stocks-are-feeling-the-heat/” title=”Why Bitcoin and Tech Stocks Are Feeling the Heat”>bitcoin-mine-found-stealing-power-in-mexico/” title=”Cartel-Linked Bitcoin Mine Found Stealing Power in Mexico”>Bitcoin rose 1.3% on Monday morning to roughly $77,700 following the news.
The sharper move came in HYPE, the token behind Hyperliquid, up more than 3% to around $80.
Hyperliquid runs the largest decentralised exchange for perpetual futures, contracts with no expiry date, and handles a substantial share of all on-chain derivatives volume.
Wall Street has warmed to it quickly, with three US spot ETFs launched in May and S&P Dow Jones licensing the S&P 500 for a perpetual contract. Yet, American users still cannot trade on the platform directly and legislation defining how decentralised protocols are regulated is precisely what would change that.
Source: au.finance.yahoo.com
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