Major Breaking News: US Crypto Market Structure Bill Negotiations Hit Another Snag! New Draft to Be Released This Thursday, and the Cross-Party Power Struggle Enters a Tough Bout

The negotiation progress of the highly watched “CLARITY Act (Digital Asset Market Clarity Act)” is stuck again!
According to an exclusive report by overseas media Politico, Trump personally stepped in to convene a meeting with lawmakers to coordinate and mediate. The revised new version of the bill is expected to be officially released to the public on Thursday, but the Democratic camp in the Senate has clearly stated that it does not support the current draft’s content. If the bill is to be enacted, the real game of hard-fought battles has only just begun.

The key sticking point between the two parties this time centers on conflict-of-interest constraints and ethics oversight provisions related to crypto asset holdings by public officials. Democratic lawmakers insist on tightening the detailed restrictions, requiring a strict delineation of red lines for officials’ crypto investments and mitigating risks of power-to-interest transfers. Meanwhile, the terms drafted by Republicans are relatively looser, and the differences between the two sides are unlikely to be reconciled in the short term.

Many people mistakenly think that releasing a new text on Thursday means the bill is about to be enacted—which is completely not the case. In the Senate, a procedural vote has a hard 60-vote threshold. Republicans alone cannot meet it with their own seat count; they must win over at least 7 Democratic lawmakers to switch sides in order for the bill to move forward smoothly to a vote. With the ethics provisions still not settled, even if the legislative window is tight, the overall progress pace will continue to be dragged.

To put it simply, releasing the revised text on Thursday is only about putting all negotiation chips on the table. Without support from the key Democratic vote counts, this major crypto regulation bill still faces major difficulty in clearing the legislative hurdle. Its future direction also has significant uncertainty, and the entire crypto market will need to keep a close watch on the negotiation dynamics between the two parties.

⚠️Warm Reminder: This content is only an objective compilation of overseas information and does not constitute any investment guidance or trading advice. Crypto assets carry extremely high overall volatility risk—view policy changes rationally and participate cautiously.
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