Lummis says CLARITY Act can reshape U.S. crypto finance
The bill would split oversight between the Securities and Exchange Commission and Commodity Futures Trading Commission and add $150 million for crypto-fraud investigations.
- Senator Cynthia Lummis is urging lawmakers to advance the CLARITY Act before the August 7 Senate recess, as the bill remains one of the most significant U.S. crypto market structure proposals under consideration.
- The legislation creates a statutory framework sorting tokens into three buckets for the Commodity Futures Trading Commission, the Securities and Exchange Commission, and banking regulators, while allocating $150 million for fraud investigations.
- Passing the measure requires 60 votes on the Senate floor, compelling Republicans to secure Democratic support while staff work to reconcile versions from the Agriculture and Banking committees before a floor vote.
- The National Organization of Black Law Enforcement Executives endorsed the measure, stating it contains provisions to assist law enforcement while supporters seek to replace enforcement-led policy with a written rulebook.
- Bloomberg Intelligence places the bill's chance of passing this month near 60%, though failure to act before the August 7 session end could push the timeline into 2027.
17 Articles
17 Articles
Clarity Act faces Senate hurdles, passage in 2026 uncertain
The Clarity Act's uncertain future may delay regulatory clarity for digital assets, impacting market stability and innovation until 2030. The post Clarity Act faces Senate hurdles, passage in 2026 uncertain appeared first on Crypto Briefing.
Expert States What CLARITY Act Could Do for XRP, XLM, and HBAR
The CLARITY Act did not become law by July 4. After clearing the Senate Banking Committee on May 14, the bill was not scheduled for a Senate floor vote before the deadline, as negotiations over securing sufficient bipartisan support, particularly from Democrats, remained unresolved. As a result, the White House’s July 4 target for enactment was missed. Despite that, X Finance Bull (@Xfinancebull), a crypto pundit on X, has remained confident. He…
CLARITY Act enters critical phase after missing July deadline
As Europe and the UK celebrate crypto regulatory milestones, the US CLARITY Act stalls The Clarity Act has missed its 4 July signing target, delaying what many expected to be the most significant piece of US crypto legislation to date. Earlier this year, White House adviser Patrick Witt said the current administration was aiming to have the bill signed into law by Independence Day as part of the country’s 250th anniversary celebrations. However,…
The CLARITY Act Missed July 4, But Its Biggest Test Is Still Ahead
The CLARITY Act has missed a major political milestone, but the effort to establish a clearer framework for digital assets in the United States is far from over. With the White House’s July 4 target now behind lawmakers, all eyes have shifted to the Senate’s next deadline. The weeks leading up to Aug. 7 could determine whether Congress delivers long-awaited clarity for the crypto industry or pushes the debate deeper into election season. The out…
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