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US crypto bill faces delays as Ripple exec mocks stalled Digital Asset Market Clarity Act.

Market News
24 Jul 2026
UToday
View Source
Bullish
pluang ai news

The US Digital Asset Market Clarity Act, aimed at reforming crypto market rules by shifting oversight from the SEC to the CFTC, remains stalled in the Senate amid ongoing disputes. Ripple CTO Emeritus David Schwartz highlighted the frustration by nicknaming it the "DAM Clarity Act," urging lawmakers to pass it before the August recess. The bill would clarify the status of cryptocurrencies like XRP as commodities and introduce investor protections. However, disagreements over anti-money laundering and stablecoin regulations continue to delay progress, leaving the industry anxious for resolution.

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