Catenaa, Thursday, November 06, 2025- US senators are accelerating efforts to finalize the CLARITY Act, a long-awaited digital asset regulation package, even as the government shutdown enters its 31st day.
Bipartisan talks aim to establish oversight for cryptocurrencies and stablecoins before election-year politics stall progress.
Senate Agriculture Committee leaders, including John Boozman (R-Ark.) and Cory Booker (D-N.J.), are working daily to complete their sections, with a committee vote targeted before Thanksgiving.
Banking and Finance committees have also resumed discussions, led by senators including Cynthia Lummis (R-Wyo.), Ruben Gallego (D-Ariz.), and Angela Alsobrooks (D-Md.).
The legislation seeks to define which digital assets fall under Commodity Futures Trading Commission and Securities and Exchange Commission oversight.
Despite momentum, some senators urge caution. John Kennedy (R-La.) emphasized the need for public hearings, while Thom Tillis (R-N.C.) warned that delays could jeopardize passage before the next Congress.
Industry executives have been engaged in separate consultations, with major figures such as Coinbase CEO Brian Armstrong and Galaxy’s Mike Novogratz participating in closed-door discussions.
The stalled House-passed Digital Asset Market Clarity Act, combined with the GENIUS Act signed earlier this year, forms the basis of the US crypto regulatory framework. Prediction markets currently assign only a 25% chance of enactment this year, reflecting uncertainty amid the shutdown.
The ongoing federal closure affects 1.4 million workers, key programs like SNAP, and broader public services, adding pressure on lawmakers to act.
White House officials remain hopeful bipartisan support could still deliver progress by the end of 2025, maintaining momentum for US crypto market oversight.
