Donald Trump · CLARITY Act · US Senate · White House · CryptoSlate
A Boozman-Booker market-structure draft release said the approach would create a new CFTC funding stream, while Sen
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The CFTC digital-assets agenda is also advancing while Congress negotiates.
Key facts
- CFTC's FY2027 request seeks $410 million, up from a $365 million FY2026 enacted base for salaries and expenses, and requests 650 FTEs against a 636-FTE FY2026 baseline
- CryptoSlate market pages show the total crypto market capitalization around $2.56 trillion, with Bitcoin alone around $1.54 trillion
- The Senate Banking Committee advanced H.R. 3633 on May 14 by a 15-9 vote, putting the Digital Asset Market Clarity Act of 2025 closer to floor consideration after the House passed the bill in July
- However, the same OIG report said CFTC payroll full-time equivalents fell from roughly 708 at the end of FY2024 to about 556 at the end of FY2025, an approximate 21.5% reduction
Summary
The CLARITY Act is moving toward the Senate floor with a promise crypto has spent years asking for: a clearer federal map for digital asset markets. The under-covered risk is that the map runs through the CFTC, making CFTC crypto regulation a capacity test for spot-market oversight after its payroll workforce fell by more than one-fifth. The Senate Banking Committee advanced H.R. 3633 on May 14 by a 15-9 vote, putting the Digital Asset Market Clarity Act of 2025 closer to floor consideration after the House passed the bill in July 2025. Votes and signing timelines have dominated the crypto market structure bill debate. The bill would make the Commodity Futures Trading Commission the main federal overseer for a large slice of crypto spot-market activity.