Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁
Tim Scott Confirms Senate Vote on Digital Asset Market Clarity Act
Key Takeaways
- The Digital Asset Market Clarity Act, aimed at clarifying US crypto rules, heads to the Senate for review on January 15;
- The House passed the bill in July 2025; Senate approval would send it to President Trump for final consideration;
- Lawmakers and crypto leaders remain divided on the bill’s impact, with concerns about regulation and bipartisan support.
The Digital Asset Market Clarity Act, a proposal aimed at bringing clearer rules to the US cryptocurrency industry, is expected to move to the Senate for review on January 15, according to Senator Tim Scott.
Speaking with Breitbart News, Scott said, "Next Thursday, we’ll have a vote on market structure. It’s important for us to get on the record and vote".
He added that his team had spent more than six months refining multiple versions of the bill for all committee members to examine.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
What Are Oracles in Crypto? (Beginner Friendly Animation)
The proposal already passed the House of Representatives in July 2025. If the Senate approves it without making changes, it will move to President Donald Trump for final consideration.
Since its introduction in the House in May 2025, the bill has sparked debate among crypto executives and policymakers. As the Senate prepares to review it, the industry remains split on how it might affect innovation and regulation.
Gabriel Shapiro, a crypto lawyer and founder of MetaLeX, said the country is "probably going to get a crypto market structure bill". He mentioned that while some concerns about illegal financial activity remain, lawmakers might still reach an agreement.
Meanwhile, Alex Thorn, head of research at Galaxy Digital, wrote on X that after looking over a document from a bipartisan Senate meeting held January 6, “it is unclear if the two sides can come together and make that bipartisan, as plenty of issues are still outstanding".
Recently, the Community Bankers Council of the American Bankers Association (ABA) urged Congress to amend the GENIUS Act. What did they say? Read the full story.