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ARTICLE · 08 OCTOBER 2025

CryptoLink Newsletter - August 2025 Updates

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The push for digital assets legislation has slowed since its peak in July, largely due to Congress's August recess and its current focus on essential funding and defense authorization bills.

United StatesTechnology
Peter I. Altman
Peter I. Altman
Ryan P. Fayhee
Ryan P. Fayhee
Adam Hilkemann
Adam Hilkemann
Mitchell P. Hurley
Mitchell P. Hurley
Wael Jabsheh
Wael Jabsheh
Lance Jasper
Lance Jasper
Brad M. Kahn
Brad M. Kahn
Elizabeth Marie Dulong Scott
Elizabeth Marie Dulong Scott
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Evan D. Wolff
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The push for digital assets legislation has slowed since its peak in July, largely due to Congress's August recess and its current focus on essential funding and defense authorization bills. However, the Senate Banking Committee has remained active, releasing an updated draft of the Responsible Financial Innovation Act of 2025 in early September. This new draft primarily includes technical changes to a bill that builds on the House's CLARITY Act to establish a regulatory framework for digital assets. Chairman Tim Scott (R-SC) has announced his hope to advance the bill out of the Banking Committee by the end of September, but Senators from both parties appear skeptical of this timeline. In response to the new draft, a group of 12 Senate Democrats, including Sens. Kirsten Gillibrand (D-NY), Ruben Gallego (D-AZ), and Mark Warner (D-VA), released a "substantive road map" outlining seven key Democratic priorities to guide upcoming negotiations. These priorities include

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