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Senate Crypto Bill Targeted for July 20 Vote as Ethics Deadlock Threatens Passage

Regulation & Policy

2026-07-11 10:55:47

The merged Senate Digital Asset Market Clarity Act could be released as early as next week, with a floor vote targeted for the week of July 20, but faces a critical hurdle: Democratic support needed to clear the 60-vote threshold required to break a filibuster remains uncertain. The central impasse is an ethics provision Senate Democrats are demanding—a restriction barring senior government officials, including the president, from maintaining business ties with the crypto sector. No compromise has been reached, and negotiation progress has slowed significantly. Two Democrats who voted to advance the Banking Committee's version have warned they may not support the final bill if the ethics question goes unresolved. Without several Democratic votes, the bill cannot pass the Senate. Beyond ethics, outstanding issues include federal preemption and filling minority seats on the SEC and CFTC. The Senate faces a compressed timeline: roughly two weeks to resolve these disputes, secure Democratic votes, and pass the legislation before August recess.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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