Grayscale Urges Senate Leaders to Vote on CLARITY Act Before August Recess

Digital asset management company Grayscale urged U.S. Senate leaders to vote on the CLARITY Act before the August recess, saying delays would affect U.S. competitiveness in the digital asset market. According to Odaily, the company sent letters to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer.Grayscale said continued regulatory uncertainty leaves digital asset firms facing enforcement pressure without a unified federal framework. The CLARITY Act would divide oversight of digital asset markets between the Securities and Exchange Commission and the Commodity Futures Trading Commission and establish national market rules. The bill also covers market structure, custody, enforcement, stablecoins, government ethics, developer protections and safeguards for direct asset holders.