Signs of life?: State of Crypto
Several sources told CoinDesk that a new draft of the Clarity Act may drop this week, but challenges remain.
Rumors of the Digital Asset Market Clarity Act's demise have been greatly exaggerated. The crypto industry isn't out of the woods yet, however, for reasons we'll get into.
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The narrative
Multiple individuals familiar with the Clarity Act discussions told CoinDesk last Thursday that lawmakers intend to unveil an updated version of the crypto market structure bill this week. The new text combines the bills previously passed out of committee by the Senate Banking and Agriculture panels, and is the result of those respective bodies negotiating over various provisions.
Why it matters
As this newsletter and CoinDesk's Jesse Hamilton have both pointed out repeatedly, time is running short for the Clarity Act to wind its way through Congress and to the president's desk for a signature in 2026. A new draft being released could indicate progress, but if the key areas of disagreement haven't been resolved, it won't be as much progress as the industry hopes for.
Breaking it down
