Charles Schwab has pressed the US Senate to pass the Crypto Clarity Act, adding a leading brokerage to the push for clearer rules on digital assets. The bill cleared the House in July 2025 and would divide oversight of the market between the SEC and the CFTC.
Charles Schwab, a leading US brokerage and asset manager, has urged the Senate to pass the Crypto Clarity Act, a proposal meant to give digital assets a clearer regulatory framework. The move adds a significant voice to the ongoing debate over how the United States regulates cryptocurrencies.
The measure, formally the Digital Asset Market Clarity Act of 2025, passed the House in July 2025 and now awaits Senate approval. It aims to clarify how oversight of digital assets is split between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Schwab’s backing, per the report, suggests potential legislative momentum for that effort.
Markets appear to read the endorsement as potentially raising the odds of the bill advancing. Still, pricing reflects only a modest uptick in the perceived likelihood of passage, and significant hurdles remain.
From here, attention turns to the Senate’s calendar and any scheduling announcements for a full vote. Senate Banking Committee Chairman Tim Scott and Majority Leader Chuck Schumer may prove central to advancing it.
Statements from President Donald Trump or White House officials could sway both markets and lawmakers. The report frames further updates on the bill’s status as pivotal for future market movements. Until the Senate acts, it remains passed by the House but short of law.
Source: Crypto Briefing
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