Senate Republicans and the White House have released the latest updates to the Digital Asset Market Clarity Act. The new version includes documents from the Senate Banking and Agriculture committees, as well as interviews between Republican lawmakers (Senators Cynthia Lummis and Bernie Moreno) and the White House.
Within minutes, the bill sparked a range of reactions from politicians and crypto leaders. This is what it says and the various answers they have produced.
What does the new text of the CLARITY Act say?
First, he talks about Ethics package the White House recently acknowledged.
Second, the new language includes a sunset clause for the above programs that says it will expire after January 20, 2029, noon.
Third, the law places law enforcement powers under the US Department of Justice (DoJ). This gives them the power to challenge commercials that list illegal trademarks.
Finally, the bill separates developers who do not store crypto from money transmitters.
Comments from policymakers and the crypto community
Even so, Democrats must sign on new wordshe argues that his methods of implementation remain inadequate. He also warns that the ephemerality of the sunset phase undermines the long-lasting moral standards. In the words of Senator Angela Alsobrooks:
“Is this DOJ enforcing ethics laws? That’s a wasted opportunity, and I can’t support the bill if it’s that language.”
Senator Ruben Gallego agreed with it, saying it leaves more room for action by federal officials.
Supporters such as Lummis urged the Senate to move quickly to pass the bill following a legislative impasse.
Cody Carbone, CEO of the Digital Chamber, celebrated the text as a “meaningful step” in American crypto laws. Summer Mersigner, CEO of the Blockchain Association, was grateful to both sides of Congress for the progress that has been made so far.
Despite this, the odds of the law becoming law in 2026 remain low with 33% for Polymarket.
Source: Polimamarket
Congress will reconvene pursuant to this Act on July 27, 2026.
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