Senate Leaders Push for July Passage of CLARITY Act
Republicans want the bill on the floor in July as lawmakers face a four-week window before an August break, senators said.
- On Monday, Senate Banking Committee Chair Tim Scott and Majority Leader John Thune announced they are pushing for a chamber vote on the CLARITY Act in July.
- The CLARITY Act aims to replace regulatory uncertainty by establishing clear rules for whether digital assets are regulated as securities or commodities, having cleared the Senate Agriculture Committee and Senate Banking Committee in a bipartisan 15-9 vote earlier this year.
- Democratic lawmakers cite concerns over ethics and crypto industry ties as obstacles to the required 60-vote threshold, while President Donald Trump previously threatened to "not sign other bills" until Congress passes the SAVE America Act.
- Polymarket data shows passage odds fell to 48% from 70% in mid-May, leaving lawmakers roughly 20 legislative days before the August recess to merge competing Senate versions and secure a final deal.
- Analysts led by Andrew Moss warned that "failure to pass Clarity before the August recess could push the bill out to next year," potentially triggering volatility across crypto markets ahead of midterm elections.
11 Articles
11 Articles
Jefferies Financial Group warned that the cryptocurrency market could go through an even more volatile second half of the year, in a context marked by the stagnation of CLARITY Act in the U.S. Congress and political uncertainty in the face of the November legislative elections. *** Jefferies anticipates more volatility for Bitcoin and other digital assets if CLARITY Act does not move forward in the U.S. The chances of approval of the project fel…
CLARITY Act News: Senate Faces Two-Week Push Before July Crypto Vote
Key Insights: Senate recess delays CLARITY Act talks until lawmakers return on July 13. CLARITY Act news: Senator Tim Scott supports a July Senate vote on crypto market rules. Galaxy Digital cut the CLARITY Act’s 2026 approval odds to 50%. CLARITY Act News: Senate negotiators face a tight two-week window before lawmakers return to Washington on July 13. Staff from both parties, White House officials, and crypto industry representatives are work…
CLARITY Act Faces Fresh Uncertainty as Trump Delays Legislative Agenda
Key highlights:The CLARITY Act is facing fresh uncertainty amid the US President Donald Trump’s recent statementTrump stated that the he will not support other legislation until Congress passes the SAVE America ActSenate Republicans remain committed to their goal of passing the bill in JulyThe much-awaited CLARITY Act is facing fresh uncertainty as US President Donald Trump has decided to pause support for other legislation until Congress passes…
Senate Leaders Race to Pass CLARITY Act in July as Lummis Touts Consumer Safeguards
Senate Republican leaders are pushing to pass the Digital Asset Market Clarity (CLARITY) Act in July, with roughly four weeks before a monthlong recess, even as Senator Cynthia Lummis insists the bill protects consumers while clearing the way for responsible innovation. The Clock Is Ticking Senate Banking Committee Chairman Tim Scott (R-SC) and Senate Majority […]
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
