CLARITY Act

Rep. French Hill urged the Senate to vote on the CLARITY Act before the August recess, arguing the bill would establish a transparent crypto market framework that addresses ethics concerns surrounding President Trump's digital asset ventures.

CFTC Chairman Michael Selig urged Congress to pass the Clarity Act before the August recess, saying the crypto market-structure bill is "so close" despite ongoing disputes over ethics and stablecoin provisions.

SEC leaders Hester Peirce and Paul Atkins said the U.S. is moving toward clearer crypto rules and freer capital markets, with Peirce expecting the Clarity Act to pass this summer and Atkins reaffirming the Trump administration's push to make America the global crypto hub.

JPMorgan urged Congress to pass clear digital asset legislation with robust safeguards, warning that without robust oversight, crypto innovation could create shadow-banking risks and undermine financial stability.

Clarity Act enters a critical two-week stretch as Senate negotiators race to resolve disputes over Trump ethics provisions, law enforcement concerns, and market structure rules before a narrow pre-August recess window for a floor vote.

Galaxy Research cut its odds of the Senate passing the CLARITY Act to 50-50, citing dwindling time before Congress's August recess and mounting legislative uncertainty.

Law enforcement groups and Catholic leaders warned that the CLARITY Act’s Section 604 could create regulatory and AML loopholes by exempting certain crypto developers and infrastructure providers from money transmitter rules.

Congress has scheduled a July 17 hearing in New York on the CLARITY Act as momentum builds for the crypto market structure bill.

The U.S. Senate has passed a housing bill that includes a ban on a Federal Reserve-issued CBDC through 2030.

More than 60 leading crypto executives urged Senate leaders to pass the Digital Asset Market Clarity Act with its blockchain developer protections intact.