Crypto Market Structure Bill Sees Progress, Revised Draft Expected Soon

Senator Tim Scott provided an update on the status of the crypto market structure bill at the DC Blockchain Summit 2026.

The landmark legislation, known as the CLARITY Act, aims to provide clear rules for the digital asset industry. However, its progress has been hindered by disagreements between the banking and crypto industries over issues such as stablecoin interest payments.

According to Scott, significant progress has been made in recent weeks due to the involvement of the White House's Council of Advisors on Digital Assets. The group held multiple meetings to negotiate key issues that have stalled the bill.

Scott emphasized the importance of clear legislation, stating that it gives politicians and bureaucrats 'the rules of the road' for the industry. He also highlighted the potential benefits of the bill, noting its impact on 'kids like me growing up in poverty in a single-parent household.'