In Washington, bipartisan momentum on crypto regulation intensified as Senate leaders Kirsten Gillibrand and Cynthia Lummis outlined a clear path for U.S. policy at the Blockchain Association Policy Summit. They indicated the goal to unveil the CLARITY Act (Market Structure Act) draft by this weekend and to hold a hearing next week to refine, amend, and advance floor consideration.

Negotiations across parties are continuing, and early bipartisan discussions have progressed smoothly, suggesting a workable path forward for the legislation.

Historically, Congress has pursued a broad crypto-market structure package. The House advanced its Digital Asset Market Structure Clarification Act in July, reviving momentum. The Senate is progressing similar measures, with a Banking Committee draft clarifying SEC and CFTC jurisdiction and introducing ancillary assets to identify non‑securities. A parallel draft from the Senate Agriculture Committee seeks to grant broader powers to the CFTC.