As the U.S. Senate returns from recess this week, it is advancing deliberations on the Digital Asset Clarity (CLARITY) Act. The legislation, introduced by Republicans and passed by the House of Representatives in July 2025, seeks to grant federal commodity regulators greater authority over digital assets.

The bill had already cleared two key Senate committees before the recess, but disagreements persist over stablecoins, tokenized stocks, ethical provisions, and conflicts of interest. JPMorgan CEO Jamie Dimon stated that the banking industry would not accept the current version of the CLARITY Act, arguing that it would allow crypto companies to pay interest on user deposits and stablecoin balances.

Meanwhile, the U.S. Treasury Department, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, and the Treasury's Office of Foreign Assets Control will conclude the public comment period for the GENIUS Act on Tuesday. The GENIUS Act, a stablecoin payment bill, was signed into law in July 2025. (Cointelegraph)