Svmuu News: Summer Mersinger, CEO of the Blockchain Association and former commissioner of the U.S. Commodity Futures Trading Commission (CFTC), stated that the main text of the Digital Asset Market Clarity (CLARITY) Act being advanced by Congress is nearly complete, with only a few details remaining to be addressed.
Mersinger noted that if lawmakers reach an agreement on the ethics provisions, the Senate could hold a vote as early as next week. She said that ethics issues are currently the main focus; the White House held a meeting with some Republican senators that day, and the outcome still requires Democratic acceptance or amendments before a consensus can be reached.
On Tuesday, three Senate Democrats stated they would not support the crypto market framework bill in the absence of clear ethics provisions, citing financial disclosure requirements and potential corruption risks related to digital assets under the “Donald Trump.” Republicans hold only a slim majority in the Senate, so the bill’s passage requires the support of several Democrats.