Senate Republicans and the White House have officially released the latest update to the Digital Asset Market Clarity Act. The new version includes previous drafts from the Senate Banking and Agriculture Committees, as well as negotiations between Republican lawmakers (Senators Cynthia Lummis and Bernie Moreno) and the White House.
Within minutes of its release, the bill sparked diverse reactions from politicians and cryptocurrency leaders. Here’s what she has to say and the different responses it elicited.
What does the text of the new CLARITY law say?
First, it addresses Ethics package The White House recently agreed to this.
Second, the new language includes a sunset clause for the aforementioned ethics package that states that it expires after January 20, 2029, at noon.
Third, the bill places civil enforcement powers under the supervision of the U.S. Department of Justice. This gives them the power to sue exchanges that list banned tokens.
Finally, the bill separates non-custodial cryptocurrency developers from money senders.
Feedback from lawmakers and the crypto community
However, Democrats have not yet signed this agreement New textUnder the pretext that implementation mechanisms are still insufficient. They also warn that the temporary nature of the sunset clause undermines long-term ethical standards. In the words of Senator Angela Alsobrooks:
“Will the Department of Justice enforce this ethics provision? This is not a serious proposition, and I will not support the bill if this is the language used.”
Senator Ruben Gallego agreed, saying it leaves too many loopholes for cryptocurrency transactions among government officials.
Supporters like Lummis urged the Senate to move quickly to pass the law after the ethics settlement.
Cody Carbone, CEO of the Digital Chamber, celebrated the text as an “important step” in regulating cryptocurrencies in America. Summer Mercener, CEO of the Blockchain Association, expressed gratitude to both sides of Congress for the progress made so far.
Despite this development, the odds of the legislative proposal becoming law in 2026 remain at a low of 33% at Polymarket.
source: Polymarket
Congress is next scheduled to meet on the law on July 27, 2026.
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