US lawmakers consider $2B crypto market structure bill amendment

U.S. lawmakers on the House Financial Services Committee will hold a markup hearing Tuesday to review the Digital Asset Market Clarity Act of 2025, known as the CLARITY Act.

A proposed amendment from committee chair French Hill seeks to exempt certain non-controlling blockchain developers from money transmitter classification, thereby removing related registration requirements.

The provision mirrors language from the Blockchain Regulatory Certainty Act, backed by Representative Tom Emmer and a bipartisan coalition.

Crypto advocacy groups have called for the two bills to be merged.

Tuesday’s hearing will include debate and votes on proposed amendments before the bill may advance to the full House.

In the Senate, lawmakers are preparing to vote on the GENIUS Act, which focuses on stablecoin regulation. Senate Majority Leader John Thune has signaled intent to finalise the legislation this week.

“There is a fairly consistent bipartisan consensus that it’s in the United States’ interest to have sensible rules for stablecoins. A market structure bill is equally important for long-term stability and growth,” noted Coinbase Chief Legal Officer Paul Grewal, praising the progress of stablecoin legislation.

However, opposition to the CLARITY Act remains.

“Not a single provision within [the CLARITY Act] addresses the crimes I’ve laid out. In fact, this bill only legitimises it,” said Representative Maxine Waters criticised the bill.

She also held a Minority Day hearing to discuss alleged crypto-related corruption tied to former President Donald Trump.

Despite opposition, Representative Ritchie Torres, who co-sponsored both the CLARITY Act and the Blockchain Regulatory Certainty Act, continues to support comprehensive regulation for the crypto industry.

The outcomes of both House and Senate efforts are expected to significantly influence the future U.S. regulatory landscape for digital assets and stablecoins.