U.S. Senator Jon Husted on July 28 publicly supported the Digital Asset Market Clarity Act, saying the United States needs a clear, workable regulatory framework that supports innovation and jobs in digital assets. According to Odaily, the CLARITY Act would create the first comprehensive federal framework for cryptocurrency regulation in the United States and divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The bill would classify tokens into three categories, give the CFTC exclusive oversight of spot markets for digital commodities, and leave the SEC in charge of assets that remain similar to securities. Galaxy Research lowered the probability of the CLARITY Act becoming law in 2026 to 30% from 50%, and research head Alex Thorn said the Senate's 60-vote threshold is the main obstacle.
The revised draft would also bar the president, vice president, members of Congress, federal judges, and their spouses from receiving payment through issuing or sponsoring digital assets during their terms through January 2029. It would also require the officials involved to sell crypto holdings or place them in blind trusts.
Senator Jon Husted Backs Digital Asset Market Clarity Act
2026-07-28 10:43:39
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