
Bloomberg's Steven Dennis said up to 10 Democratic senators may be open to the revised crypto market-structure bill, but formal support remains unconfirmed as Senate action slips to September.
Florida Rep. Mike Haridopolos has renewed his push for the CLARITY Act as Senate Republicans try to keep the crypto market-structure bill alive after delays pushed floor action until September. SEC Chair Paul Atkins backed the bill on July 28 and said the agency would provide technical assistance to Congress, while also saying the SEC could pursue rulemaking if lawmakers fail to act. Supporters say the legislation would split oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, giving exchanges, token issuers and blockchain developers clearer U.S. rules. The bill still faces a crowded Senate calendar and unresolved objections over ethics, disclosure and state enforcement, but Bloomberg reporter Steven Dennis said up to 10 Democratic senators may be open to supporting it, even though no formal commitments have been confirmed.