Senate to vote on Crypto Clarity Act, defining SEC and CFTC roles

U.S. senators have unveiled the final draft of the Crypto Clarity Act, setting the stage for a Senate vote scheduled on Tuesday. The legislation aims to delineate regulatory oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) for digital assets and establish a registration framework for certain crypto venues. This procedural vote will determine whether the Senate will advance the debate on the bill, not its final passage. The act’s progression suggests a significant movement in the U.S. towards establishing a clearer regulatory landscape for digital assets. Key Takeaways The final draft of the Crypto Clarity Act appears to have increased confidence in its potential passage, as indicated by the scheduled Senate vote. Market pricing suggests that participants view the bill’s advancement as supportive of the YES outcome for it being signed into law in 2026. The legislation is expected to clarify the jurisdictional boundaries between the SEC and CFTC, potentially affecting non-decentralized crypto protocols. What to Watch The upcoming Senate vote on Tuesday is crucial in determining whether the bill will advance to further ...