Timeline
- 8.5
Coinbase CEO: CLARITY Act Set to Secure 60+ Senate Votes on Sept. 15
Coinbase's CEO publicly stated that the CLARITY Act is expected to secure more than 60 Senate votes on September 15, signaling strong bipartisan support for the crypto market structure bill. The projection underscores growing momentum for the legislation. This development is significant because it suggests the Digital Asset Market Clarity Act could clear the 60-vote threshold needed to overcome a Senate filibuster. If enacted, it would define SEC and CFTC jurisdiction over digital assets, materially reshaping US crypto market structure and reducing regulatory uncertainty for exchanges and projects. The CLARITY Act, formally known as the Digital Asset Market Clarity Act of 2025, is a bipartisan bill introduced by Senate Banking Committee Chairman Tim Scott and Senator Cynthia Lummis. Its central aim is to clarify the respective roles of the SEC and the CFTC in overseeing digital assets and to establish a clearer market structure framework.
- 8.0
Trump 'bullish' on Clarity Act in Oval Office meeting with crypto CEOs
During a private Oval Office meeting, President Trump appeared 'bullish' on passing the Clarity Act and solicited feedback from crypto and finance CEOs. The meeting signals early-stage White House engagement on the proposed legislation. This is a high-value regulatory signal because presidential support can shape the legislative path of the Clarity Act, which aims to provide a unified federal framework for digital assets. Clear rules could materially improve market access and industry structure for US crypto businesses. The Clarity Act has already passed the House and is undergoing review in the Senate. The meeting was private and early-stage, so specific commitments or timelines were not disclosed.