US Senate Puts Digital Asset Clarity Act Back on Agenda, Would Bar Retail CBDC

The US Senate has returned from recess with the Digital Asset Clarity Act prioritized, a proposal that would prohibit the Federal Reserve from issuing a retail CBDC without explicit congressional authorization. The bill previously passed the House in July 2025 and later advanced through Senate Agriculture in January and Senate Banking in May on a 15–9 vote, with some lawmakers now projecting a possible floor vote by August. Supporters argue the change would favor private stablecoin issuers such as USDT and USDC, while negotiations are expected to hinge on provisions including ethics language and rules around yield or rewards.