U.S. Senate Resumes Review of Digital Asset Clarity Act

The U.S. Senate has resumed discussions on the Digital Asset Clarity (CLARITY) Act following its return from recess. According to Odaily, the act, introduced by Republicans and passed by the House of Representatives in July 2025, aims to grant federal commodity regulators increased oversight of digital assets. Although the act has cleared two key Senate committees, disagreements persist over issues such as stablecoins, tokenized stocks, ethical clauses, and conflicts of interest. JPMorgan CEO Jamie Dimon has expressed opposition to the current version of the CLARITY Act, citing concerns over provisions that allow crypto companies to pay interest on user deposits and stablecoin balances. Meanwhile, the U.S. Treasury Department, along with the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, and the Treasury's Office of Foreign Assets Control, will conclude the public comment period for the GENIUS Act on Tuesday. The GENIUS Act, a stablecoin payment legislation, was enacted into law in July 2025.