The bill that would finally tell American crypto companies which regulator governs them is moving again.

Republican senators released what they called the final text over the weekend, containing a revised ethics package that US President Donald Trump has agreed to after months of deadlock.

The CLARITY Act, formally the Digital Asset Market Clarity Act, would divide supervision of digital assets between the US Commodity Futures Trading Commission and the Securities and Exchange Commission, replacing a fragmented system in which classification has largely been settled through enforcement actions and litigation.

The House passed its version in July 2025 by 294 votes to 134, and the sticking point…