DAMCA Hits 70-Page Expansion as Ethics Debate Clouds Senate Passage

The Digital Asset Market Clarity Act (DAMCA) is on track to reach the Senate floor by July 20, according to sources close to the negotiations. A unified draft of the bill has been merged from work done in both the Senate Banking and Agriculture Committees.

However, significant hurdles remain before the bill can be passed. The text has grown by more than 70 pages relative to prior versions, indicating extensive committee-level negotiations and a focus on consumer protections.

The ethics restrictions, which are at the heart of the controversy, remain unresolved. Senate Democrats have demanded language that would bar senior government officials from maintaining financial ties to the crypto sector. Several lawmakers have stated publicly they will not vote yes without a workable compromise.