Digital Asset Market Clarity Act stalls in Senate after House approval

The Digital Asset Market Clarity Act, which passed the House in July 2025, remains stalled in the Senate. House Financial Services Committee Chairman Rep. French Hill said the Act represents a significant ethical oversight responsibility and aims to apply uniform rules across the crypto sector. The legislation would require mandatory disclosure and exchange listing requirements for meme coins. It also categorizes digital assets under specific jurisdictions and mandates compliance with anti-money laundering obligations.

CryptoBriefing reported the bill's progress in the Senate could be influenced by Senate Banking Committee actions or statements from President Donald Trump. The Act continues to be a subject of political debate.