US Senate Sets Sights on Crypto Bill Vote

The US Senate is getting ready to make a big choice about cryptocurrencies. Tim Scott, the chair of the Senate Banking Committee, said that the committee would vote on an important crypto market structure bill as early as next month. This could lead to a vote by the whole Senate in early 2026, and the bill could end up on President Trump’s desk soon after.

The CLARITY Act is a law that tries to make the rules for digital assets like Bitcoin and Ethereum clearer. For most cryptocurrencies, the Commodity Futures Trading Commission (CFTC) would take over as the main regulator from the Securities and Exchange Commission (SEC).
The CFTC would treat “digital commodities” like any other goods that are bought and sold. The SEC would only get involved with tokens that act like stocks. This split could help clear up some of the confusion and lawsuits that have been hurting the industry.

Scott said that Democrats were “stalling” the bill. Because Republicans are in charge, it will likely pass quickly. Scott said that at least 12 Democrats might support it, which shows that there is bipartisan support.
This comes after the Senate Agriculture Committee put out a similar draft earlier this month, showing that committees are working together.