The Digital Asset Market Clarity Act is expected to head to the US Senate for markup next week, according to Senator Tim Scott.
Next Thursday, we’ll have a vote on market structure. It’s important for us to get on the record and vote.
Tim Scott said.
Scott said lawmakers have spent more than six months circulating multiple drafts to committee members to build consensus.
The comments follow earlier remarks from White House AI and crypto czar David Sacks, who said the bill was on track for a January markup.
The House of Representatives passed the legislation in July 2025, meaning it could go directly to President Donald Trump if approved by the Senate without amendments.
The bill aims to create a comprehensive regulatory framework for crypto market structure in the United States.
Industry reaction remains mixed, with MetaLeX founder Gabriel Shapiro saying the US is likely to pass a crypto market structure bill despite unresolved concerns.
Galaxy Digital research head Alex Thorn said it remains unclear whether bipartisan agreement can be reached due to outstanding issues raised by Democrats.
Those concerns reportedly include sanctions compliance for DeFi front-ends and expanded powers for the Treasury’s Office of Foreign Assets Control.
Castle Island Ventures partner Nic Carter said the Democratic proposals are “actually pretty reasonable.”
CoinShares linked $952 million in crypto investment outflows in mid-December to delays around the CLARITY Act and regulatory uncertainty.
Coinbase Institutional strategist John D’Agostino said the bill’s foundational nature explains why negotiations are taking longer.