Senator Lummis publicly committed on Fox Business to bringing the Digital Asset Market Clarity Act to the Senate floor in July 2026, the first hard floor-date pledge from the bill's lead sponsor. The legislation proposes to delineate SEC and CFTC jurisdiction over digital assets, establish disclosure frameworks, and set custody standards — areas with direct operational relevance to institutional crypto finance.
For Armada's crypto repo desk, the bill's custody and classification provisions could alter how BTC, ETH, and SOL are legally categorized as collateral and what qualified-custodian standards apply to Fireblocks. A July floor vote compresses the timeline for Armada's legal team to assess compliance obligations before the bill potentially clears the Senate.