The bill that would finally tell American crypto companies which regulator governs them is moving again. Republican senators have released what they call the final text over the weekend, and guess what? US President Donald Trump has finally agreed to a revised ethics package after months of back-and-forth. This is a big deal! The CLARITY Act, known formally as the Digital Asset Market Clarity Act, is set to clarify the supervision of digital assets by splitting responsibilities between the US Commodity Futures Trading Commission and the Securities and Exchange Commission. This is a massive change from the current messy system, where classification has mostly been decided through enforcement actions and court battles.
Now, the House had already given its nod to a version of this bill back in July 2025, with a considerable vote of 294 in favor and 134 against. But the real hurdle was none other than Trump himself! The president has now voluntarily agreed to new ethics provisions, which is a relief for many in the crypto world. The next step? A cloture motion vote that simply opens the floor for debate, requiring 60 votes to proceed. With Republicans holding 53 seats, it means at least seven Democrats need to join them. And don’t forget—there’s a tightening timeline as the midterm campaign looms, so amendments and final agreement with the House must happen quickly.
Senator Lummis has raised a red flag, warning that if this doesn’t pass soon, we might not see any action until 2030, putting the future of crypto regulation in the hands of whoever is in the White House next. Meanwhile, it’s worth noting that over in Europe, they didn’t sit around waiting. The EU rolled out the Markets in Crypto-Assets Regulation, or MiCA, back in December 2024, establishing a unified licensing regime across the bloc while the US was still debating jurisdiction.
Under MiCA, stablecoins—those asset-referenced tokens and e-money tokens—are facing the toughest regulations. Issuers have to hold reserves, publish whitepapers, and get authorization before hitting the market. Everything else, from Bitcoin down to the lesser-known tokens, has it a bit easier with more relaxed disclosure rules. On top of that, exchanges, custodians, and brokers must register as crypto-asset service providers, adhering to strict capital requirements and governance standards. The beauty of MiCA? Firms licensed in one member state can operate across all 27 without needing to reapply—just like in traditional European banking.
But here’s the kicker: MiCA also bans insider trading and market manipulation in the crypto world, while requiring providers to inform customers their holdings might not be covered by compensation schemes. This framework, however, is currently under review, with the European Commission consulting on its effectiveness until the end of September. Among the hot topics? How to handle decentralized finance, which is exactly what’s been holding up the American bill too.
So, what’s next? The crypto community is watching closely as legislators scramble to hammer out these rules before the clock runs out. Will we finally see a clear path for regulation in the US, or will it slip into the abyss of political inaction? Only time will tell…
Kaynak: Orijinal Haber
