Grayscale urged Senate leaders to schedule a CLARITY Act vote before the August recess, warning that delay threatens U.S. competitiveness. The bill would divide crypto oversight between federal regulators and establish nationwide market rules.
Key Takeaways
Grayscale pressed Senate leaders for a vote before the August recess.The CLARITY Act would create nationwide rules for digital asset markets.Supporters face a narrowing calendar and uncertain Senate vote count.Grayscale Chief Legal Officer Craig Salm framed the request as an immediate test of congressional commitment to comprehensive digital asset legislation:
“We urge the Senate to bring the CLARITY Act to a floor vote before Congress departs for the August recess.”
The company argued that prolonged regulatory uncertainty has subjected digital asset businesses to enforcement actions without an established federal framework governing market participation. Its letter maintained that defined standards would protect investors, encourage responsible innovation, and reduce incentives for companies and skilled workers to relocate abroad.
Committee Approval Opens a Narrow Route to the Senate Floor
