The CLARITY Act wasn’t signed into law by July 4 as White House adviser Patrick Witt had hoped earlier this year. Still, the bill isn’t off the table. However, people closely following the negotiations say there’s still a realistic chance it could become law before Congress breaks for the summer.
The next major date to watch is August 7, the Senate’s final working day before lawmakers leave Washington and fully shift their focus to the midterm election campaign.
Even though Congress isn’t spending much time in session this summer, negotiations are still moving forward.
According to people familiar with the process, Senate staff are working to merge the different versions of the CLARITY Act passed by the Senate Banking Committee and the Senate Agriculture Committee. Once that work is complete, lawmakers would only need a few days to debate the bill, invoke cloture, and hold a final vote.
If it clears the Senate, the bill would head back to the House before landing on President Donald Trump’s desk.
The negotiations also gained political attention after Trump released his 2025 financial disclosure.
The filing revealed he earned around $2 billion last year, with nearly $1.4 billion coming from crypto-related businesses, including the TRUMP memecoin and World Liberty Financial. He also disclosed holding more than $100 million worth of cryptocurrencies.
The disclosure quickly reignited calls for stronger ethics rules.
Senator Elizabeth Warren said the CLARITY Act should prevent senior government officials and their families from profiting from the crypto industry while shaping its regulations.
Senator Ruben Gallego also repeated that he wants enforceable ethics provisions before supporting the bill on the Senate floor.
The Senate isn’t the only concern.
Recent reports suggest the House has struggled to move several important bills, raising questions about whether it can quickly approve the CLARITY Act once it returns from the Senate.
At the same time, House Republicans are growing frustrated over other stalled legislation. Representative James Comer recently urged Senate Majority Leader John Thune to stop delaying the SAVE America Act, warning that delaying the bill risks missing the deadline, leaving election rules unchanged for this election cycle.
“We’ve passed the SAVE America Act in the House, and it’s collecting DUST in the Senate. The clock is ticking. It needs to pass in the next few weeks in order for that to take effect for this election this November” James Comer said.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The memecoin sector is beginning to show signs of renewed strength after spending months in…
The upcoming CLARITY Act is widely expected to reshape the U.S. crypto market by providing…
After consolidating within a pre-defined range, the Dogecoin price is showing early signs of recovery.…
Avalanche (AVAX) price hovered near $6.65 after climbing more than 3% this week, recovering from…
The XDC price has spent months sliding from its 2025 peak of $0.1567 to around…
The Dango shutdown is now official, ending months of uncertainty for the decentralized trading platform…
