{"id":48810,"date":"2026-07-29T14:12:10","date_gmt":"2026-07-29T14:12:10","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=48810"},"modified":"2026-07-29T14:12:10","modified_gmt":"2026-07-29T14:12:10","slug":"crypto-giant-dcg-warns-senate-pass-clarity-act-or-lose-ground-to-singapore-uae","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=48810","title":{"rendered":"Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nCrypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE<\/a><\/p>\n

<\/div>\n

Crypto investment firm Digital Currency Group is the latest big name to throw its weight behind the Clarity Act.\u00a0<\/p>\n

In a statement posted<\/a> Wednesday, the conglomerate said that the current draft of the long-awaited bill \u201coffers exactly the kind of certainty our industry needs to grow and thrive responsibly.\u201d<\/p>\n

A number of lawmakers are hoping the Clarity Act \u2014 which would set in stone crypto regulation in the U.S. \u2014 gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version.\u00a0<\/p>\n

\u201cThe bill is the product of serious negotiation and reflects genuine compromise from industry, advocates, and members on both sides of the aisle,\u201d the statement read.\u00a0<\/p>\n

\u201cThe competitive stakes could not be higher. The United States has long been the global center of technological innovation, but we are ceding ground at an alarming pace,\u201d it continued, adding that \u201ctalent, capital, and innovative companies\u201d are looking to countries like Singapore and the United Arab Emirates to set up shop.\u00a0<\/p>\n

Crypto giant DCG has over 200 companies in its portfolio, most notably Grayscale, the manager of the Grayscale Bitcoin Trust.<\/p>\n

Lawmakers have been working on the Clarity Act since last year. Republicans passed the bill in 2025 but it has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield.\u00a0<\/p>\n

A new draft circulating last week bans officials and their families from issuing or promoting crypto \u2014 something opposition lawmakers previously had issue with.<\/p>\n

GOP lawmakers are pushing Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers \u2014 such as senator Elizabeth Warren \u2014 have criticized the draft, claiming<\/a> it would allow President Donald Trump to make money from crypto, as well as benefit criminals.\u00a0<\/p>\n

A group of Democrats last week penned<\/a> a statement claiming the bill in its current form falls short.\u00a0<\/p>\n

Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format.\u00a0<\/p>\n

This post Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE Crypto investment firm Digital Currency Group is the latest big name to throw its weight behind the Clarity Act.\u00a0 In a statement posted Wednesday, the conglomerate said that the current draft of the long-awaited bill \u201coffers exactly the kind […]<\/p>\n","protected":false},"author":1,"featured_media":48811,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-48810","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nCrypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=48810\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE Crypto investment firm Digital Currency Group is the latest big name to throw its weight behind the Clarity Act.\u00a0 In a statement posted Wednesday, the conglomerate said that the current draft of the long-awaited bill \u201coffers exactly the kind […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=48810\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-29T14:12:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/07\/DCG-Urges-Clarity-Act-to-Pass.jpg\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48810#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48810\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE\",\"datePublished\":\"2026-07-29T14:12:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48810\"},\"wordCount\":391,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48810#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/DCG-Urges-Clarity-Act-to-Pass-bjWFCr.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48810\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=48810\",\"name\":\"Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE - 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