The pending Digital Asset Market Clarity Act may be dead after Senate Majority Leader John Thune said the bill will not pass before September, with critics also attacking its “ethics” language on federal officials issuing crypto tokens. The debate centers on whether the bill can establish clearer asset classification and disclosure rules, according to CoinDesk, while avoiding subjective definitions and conflicting SEC-CFTC standards.

Experts quoted in the newsletter said the measure could still help investors by separating fundraising transactions from underlying tokens, but warned that implementation and enforcement would determine whether it reduces uncertainty or just shifts it into rulemaking.