Senate Has Two Working Days to Move the Crypto Market-Structure Bill Before Recess

The Digital Asset Market Clarity Act, the bill that would divide oversight of digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), has very little time left on the Senate calendar. CoinDesk lays out the remaining paths. The Senate has yet to signal whether it will bring the measure to the floor before its summer recess.

The obstacle is ethics. Senator Thom Tillis said the White House is now engaging on the bipartisan ethics text he and Senator Ruben Gallego sent last week, according to Punchbowl reporting relayed by Cointelegraph, a step Bitcoin Magazine also reported. That text governs how conflicts of interest by public officials holding digital assets would be handled, and it has been the main barrier to Democratic votes.

Senator Cynthia Lummis is pressing for a vote and said that if the bill dies, Democrats killed it. SEC Commissioner Hester Peirce has said she remains optimistic about eventual passage. Against that, Majority Leader John Thune told Punchbowl he does not expect the Senate to pass market-structure legislation before the recess, and Cointelegraph reported Lummis still pushing for a vote. The chamber's last scheduled working day before it leaves until September is 7 August.

Prediction markets have repriced the outcome. CCN reports Polymarket odds on 2026 passage at 13 percent, down from above 80 percent in February.