Senate Republicans released the final Digital Asset Market Clarity Act text late Sunday incorporating 126 Democratic changes — including Trump-backed ethics rules and a Treasury stablecoin circuit breaker — hours before a Tuesday 60-vote cloture threshold. A failed vote would likely push statutory crypto market-structure legislation past the 2026 midterm elections.

The CFTC filed a crypto rulemaking with the White House just two days after the Senate rejected the CLARITY Act — but the filing is a starting gun, not a finish line. Here's what the CFTC crypto rulemaking actually is, what it can and cannot do, and what it means for XRP and Bitcoin holders.

Senate Republicans released the final Digital Asset Market Clarity Act text late Sunday incorporating 126 Democratic changes — including Trump-backed ethics rules and a Treasury stablecoin circuit breaker — hours before a Tuesday 60-vote cloture threshold. A failed vote would likely push statutory crypto market-structure legislation past the 2026 midterm elections.