Grayscale Investments has urged the Senate to vote on the CLARITY Act before the August recess as lawmakers face mounting pressure to resolve disputes holding up the crypto market structure bill. Summary Grayscale requested a Senate floor vote on the CLARITY Act before lawmakers leave Washington. The bill would divide digital asset oversight between the SEC and CFTC. Ethics restrictions involving federal officials remain a sticking point in bipartisan negotiations. Treasury Secretary Scott Bessent has also called for an immediate vote. Grayscale urges action on the CLARITY Act Grayscale sent a letter to senators calling for action on the Digital Asset Market Clarity Act, or H.R. 3633. The asset manager said hundreds of thousands of Americans hold its digital asset investment products, giving the company and its clients a direct interest in clearer federal rules. Grayscale Investments, the world’s largest digital asset-focused investment platform¹, just sent a letter to the Senate requesting a floor vote on the CLARITY Act before the August recess. “Senators and staff across the aisle have spent months addressing hard questions about… pic.twitter.com/p888ojeWtT— Grayscale (@Grayscale) July 31, 2026 The bill seeks to establish a regulatory framework for digital asset markets and clarify the respective responsibilities of the Securities and Exchange Commission and Commodity Futures Trading Commission. “Senators and staff across the aisle have spent months addressing hard questions about jurisdiction, investor protections, and developer safeguards,” Grayscale said. According to the company, the proposed framework would strengthen investor protections while preventing legitimate blockchain developers from facing rules intended for financial intermediaries. Grayscale argued that crypto businesses, developers and investors need stable rules instead of relying on enforcement actions and agency guidance that can change between administrations. The company also linked the legislation to regulated crypto investment products. Clearer asset classifications and trading rules could affect the development of exchange-traded funds, exchange-traded products and other vehicles available to U.S. investors. Senate negotiations face a shrinking deadline Senators have limited floor time remaining before the August recess, with nominations, government funding discussions and foreign policy measures competing for attention. Sen. Cynthia Lummis said Senate leaders were still trying to bring the legislation forward before the break. She noted that lawmakers had “one more week here in Washington,” although she acknowledged the crowded schedule. The House passed its version of the CLARITY Act by a 294–134 vote in July 2025, with 78 Democrats supporting the legislation. Any changes adopted by the Senate would need approval from both chambers before the bill could reach President Donald Trump’s desk. Senate negotiations have continued over ethics provisions covering digital asset activities involving federal officials. That dispute has complicated efforts to secure enough Democratic support to overcome the chamber’s 60-vote threshold for advancing most legislation. Republicans hold 53 Senate seats, meaning the bill would likely need support from at least seven Democrats if every Republican voted in favor. Lawmakers have also considered a procedural vote that could establish the timing and rules for further debate. Bessent adds pressure for an immediate vote Treasury Secretary Scott Bessent has joined the campaign for Senate action, calling on lawmakers to vote “NOW” on the CLARITY Act. Bessent accused Senate Democrats of delaying the measure under pressure from Sen. Elizabeth Warren and other crypto critics. His intervention added support from the Trump administration as negotiators worked to resolve the remaining disagreements. Ethics enforcement has emerged as one of the main obstacles. A reported proposal from Republican Sen. Thom Tillis and Democratic Sen. Ruben Gallego would allow state authorities to enforce restrictions on federal officials issuing or sponsoring digital tokens. The proposal would replace an earlier approach that gave the U.S. attorney general sole enforcement authority. Whether that compromise can attract enough bipartisan backing remains uncertain. US competitiveness becomes part of the debate Grayscale warned that prolonged uncertainty could push digital asset investment and technical talent toward jurisdictions with more predictable regulations. It cited Singapore and Abu Dhabi as markets that have established clearer frameworks for crypto businesses. The argument reflects a broader industry effort to frame market structure legislation as an issue of U.S. competitiveness. Supporters say federal rules would give companies more certainty when deciding where to develop products, raise capital and serve customers. No clear cryptocurrency price movement has been directly linked to Grayscale’s letter. Traders remain focused on whether Senate leaders formally schedule a vote and whether negotiators reach an agreement on ethics restrictions. Failure to act before the recess would push the debate further into the legislative calendar, where other spending and policy deadlines could make floor time harder to secure. A scheduled vote would signal that Senate leaders believe the bill has enough support to move forward. 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