Treasury Secretary Scott Bessent urged the Senate to vote immediately on the Clarity Act, the federal digital-asset market structure bill. Senate Majority Leader John Thune said a vote is unlikely before the August recess, while SEC Chair Paul Atkins said the SEC is prepared to issue its own crypto market-structure rules if Congress fails to pass the bill.
Matters because: Regulatory uncertainty can still weigh on institutional allocation decisions, but a credible SEC fallback may limit downside if the Senate vote stalls.