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Lawmakers say bipartisan talks on "Clarity Act" crypto bill are resuming after shutdown
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Summary
Speakers said the House passed the "Clarity Act" in July and that Senate Democrats and Republicans on banking and agriculture committees are negotiating amendments; progress was stalled by the government shutdown but officials expressed hope for a bicameral product soon.
Speaker 1 (Interviewer) asked about prospects for a long‑awaited crypto market regulation measure when Congress reconvenes. "When the government finally reopens this week, we're expecting congress can take on the Clarity Act, the long awaited crypto market regulation bill," Speaker 1 said, asking what to expect for financial services and crypto.
Speaker 2 (Guest) described recent work in both chambers. "We've made progress, during September and October on market structure for digital assets. The Clarity Act, which we passed with 78 Democrats in the house back in July, is now subject of intensive work in the senate by both senate Democrats and Republicans on the banking committee and on the senate agriculture committee," Speaker 2 said, adding that committee-level bipartisan talks are underway and that the shutdown has slowed momentum.
Speaker 2 said senators are coordinating amendments and seeking a bicameral product that could be returned to the House and sent to the president's desk. "They're talking among themselves on a bipartisan basis. And then we'll work to make sure that we have a product that on a bicameral basis, we can pass again on the house floor and send to president Trump's desk," Speaker 2 said.
The exchange named the bill by its informal title, the Clarity Act, and placed responsibility for drafting and amending language with Senate committees including banking and agriculture. No formal vote or final text was reported in the segment. Speaker 2 also noted the shutdown had interrupted progress and expressed optimism the committees could conclude work "in coming days."
Next steps described in the segment included committee-level amendment work in the Senate, interchamber coordination to reconcile changes, and a potential return of a revised bill to the House for final action before presidential consideration. The segment did not specify timelines for floor action, the exact contents of prospective amendments, or which lawmakers beyond the committees would sponsor any revisions.
