Cody Carbone, CEO of The Digital Chamber, appeared before the Senate Banking Committee on Tuesday with a pointed message: pass the CLARITY Act, or watch everyday consumers keep paying the price for regulatory confusion.
His argument is straightforward. Without clear rules governing digital asset markets, the financial system’s inefficiencies pile up as hidden costs. And those costs, Carbone contends, land disproportionately on people who can least afford them.
A bill with momentum, but not enough
The Digital Asset Market Clarity Act, formally known as H.R. 3633, has already cleared some significant hurdles. The House passed the bill in July 2025 by a 294-134 vote, a margin wide enough to suggest genuine bipartisan appetite for crypto market-structure reform.
The Senate Banking Committee then advanced the legislation on May 14, 2026, with a 15-9 bipartisan vote.
