US Digital Asset Market Clarity Act Enters Critical Two-Week Window, Disagreements Over Ethical Clauses Become Biggest Obstacle

TechFlow news, July 27, according to CoinDesk, the Senate has released the latest consolidated text of the "Digital Asset Market Clarity Act" (Clarity Act), integrating drafts from the Senate Banking Committee and the Agriculture Committee, and adding ethics provisions for the first time—prohibiting senior government officials from issuing or sponsoring cryptocurrencies. However, there remains significant uncertainty whether the bill can pass before the summer recess on August 7.

The core divergence lies in the strength of the ethics provisions: Democrats hope the provisions can substantially constrain Trump's crypto gains of over $1.4 billion last year, while the current version agreed to by the White House only requires Trump to complete asset divestiture or establish a blind trust within one year, with enforcement by the Department of Justice—Democrats do not trust this.

From a timeline perspective, if the Senate proposes a "motion to proceed" this Monday or Tuesday, and reaches consensus on the ethics provisions by July 30 (Thursday), the bill is still expected to be voted on before August 7. The crypto industry generally supports the bill's passage, believing it provides a necessary investor protection framework; Senator Warren stated the bill should be "killed on arrival."