White House officials are urging Senate Democrats to accept President Trump's ethics deal on the Clarity Act, with negotiations entering the final stretch before Congress' August recess.
Senate negotiators say the Clarity Act is "almost there" as Treasury Secretary Scott Bessent calls it the "1-yard line," with lawmakers racing to pass the crypto market-structure bill before the August recess.
The Senate unanimously approved a nonbinding resolution declaring that former FTX CEO Sam Bankman-Fried should "under no circumstances" receive a presidential pardon or commutation.
President Trump will meet senators as negotiations over the CLARITY Act's ethics provisions threaten the bill's chances of passing before the August recess.
President Trump urged the Senate to pass the CLARITY Act before the August recess as lawmakers face a narrowing window and unresolved political hurdles.
A dispute between the Treasury and Commerce departments over who should oversee the proposed U.S. Strategic Bitcoin Reserve has delayed its rollout more than a year after President Trump ordered its creation, according to a Bloomberg report.
Bitcoin rebounded more than 11% from its June 5 low near $59,000 to around $66,500 as easing Middle East tensions and continued institutional accumulation from major corporate buyers helped restore confidence despite lingering skepticism about the bull market.