The US crypto industry's push for the Digital Asset Market Clarity Act of 2025 (H.R. 3633) faces hurdles in Congress. The Act aims to establish a federal market structure for secondary trading, asset classification, and intermediary registration. According to reports, a bipartisan meeting revealed divisions, with Republicans seeking rapid progress and Democrats introducing new requirements. A primary friction point is the treatment of decentralized finance (DeFi), with Democrats pushing for increased surveillance, including "front-end sanctions compliance" for DeFi interfaces and increased authority for the Treasury Department. Democrats are also seeking stricter investor protections, including new rules for crypto ATMs and expanded powers for the Federal Trade Commission (FTC).

The US crypto industry's push for the Digital Asset Market Clarity Act of 2025 (H.R. 3633) faces hurdles in Congress. The Act aims to establish a federal market structure for secondary trading, asset classification, and intermediary registration. According to reports, a bipartisan meeting revealed divisions, with Republicans seeking rapid progress and Democrats introducing new requirements. A primary friction point is the treatment of decentralized finance (DeFi), with Democrats pushing for increased surveillance, including "front-end sanctions compliance" for DeFi interfaces and increased authority for the Treasury Department. Democrats are also seeking stricter investor protections, including new rules for crypto ATMs and expanded powers for the Federal Trade Commission (FTC).