US Senator: The Digital Asset Market Structure Bill will submit a new draft this week, but key disagreements still need to be resolved

DeepFlowTech · 2026-03-18T09:29:37+00:00

U.S. Senate Banking Committee Chair Tim Scott stated at a blockchain summit that a new draft of the Digital Asset Market Structure Act will soon be submitted, aiming to establish a regulatory framework for the U.S. cryptocurrency market. The bill has received support in the House but faces controversy in the Senate, involving issues such as stablecoin yields, crypto business ethics, and DeFi anti-money laundering mechanisms. Representative Dusty Johnson warned that time is tight and that the election could impact the bill's progress.

DeepFlowTech

2026-03-18 09:29:37

Abstract generation in progress

Deep Tide TechFlow News, March 18 — According to DL News, Senate Banking Committee Chairman Tim Scott stated at the Washington Blockchain Summit that the Digital Asset Market Structure Act (CLARITY Act) has made significant progress, and a new draft will be submitted for review within this week.

The bill aims to establish a regulatory framework for the U.S. cryptocurrency market. It was supported by both parties in the House of Representatives and passed last July but has since stalled in the Senate. Major points of contention include: stablecoin yield restrictions (pressure from the banking industry to prohibit crypto exchanges from paying interest on stablecoins to users), ethical clauses regarding officials holding or founding crypto companies, anti-money laundering mechanisms for decentralized finance (DeFi) protocols, and bipartisan representation in financial regulatory agencies. Currently, Trump has publicly supported the crypto industry, advocating for allowing stablecoin yields.

Representative Dusty Johnson warned that the window of opportunity is closing. If the November midterm elections result in Democrats regaining control of Congress, the bill is likely to be shelved. He called on 3 to 4 Democratic senators in relevant Senate committees to break party resistance and urged the crypto industry not to raise demands recklessly during negotiations to avoid further delays in the overall process.

DEFI3,55%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.