New Clarity Act Emerges that's a Start on the Final Draft, Makes Ethics Rule Temporary
The draft keeps a DeFi safe harbor and adds dozens of pages of regulatory language as Senate leaders seek 60 votes before recess.
- On Wednesday, Senate Republicans released updated text for the Digital Asset Market Clarity Act, including a provision banning federal officials from issuing digital assets until January 20, 2029, with violations carrying $250,000 daily penalties.
- Senators Angela Alsobrooks and Ruben Gallego, the only two Democrats who voted the bill out of committee, formally oppose the text, citing concerns that the Department of Justice alone should not hold enforcement power over the president.
- The Senate requires 60 votes to pass the legislation, meaning leadership needs at least 10 Democrats to cross party lines to reach the threshold. Currently, the bill faces uncertain passage.
- Treasury Secretary Bessent declared Congress stands at the "one-yard line," while industry groups like the Digital Chamber urge passage. Seven pro-crypto Democrats issued a statement criticizing the text while declining to rule out a deal.
- The Senate departs for summer recess in 16 days, creating a critical deadline for the bill. Failure to file a cloture motion soon could shelve the legislation until September, affecting market-structure provisions the industry seeks.
28 Articles
28 Articles
The ethics provision arrived. It expires with Trump's term.
The language that decides crypto’s biggest bill finally exists: a ban on federal officials issuing digital assets, enforced only by the Justice Department, with penalties of $250,000 a day, and a sunset clause dated to the next president’s inauguration. Here…
CLARITY Act Regains Momentum as Ethics Compromise Revives Regulatory Outlook
The CLARITY Act is widely regarded as one of the most important pieces of cryptocurrency legislation in U.S. history. The post CLARITY Act Regains Momentum as Ethics Compromise Revives Regulatory Outlook appeared first on FX News Group.
Senate Republicans Release Updated Version of CLARITY Act
Key Insights US Republicans finally have an updated version of the CLARITY Act with Ethic rules. Several key parts of the bill remain unchanged, but provisions that will strengthen law enforcement have been introduced. Democrats are already pushing back on some provisions, with negotiations expected, but the odds of the CLARITY Act passing remain below 50%. U.S. Senate Republicans released revised CLARITY Act text on July 22, reviving stalled n…
Stunning: New Crypto Ethics Bill Still Leaves a Loophole for Trump’s Family Fortunes
When the Digital Asset Market Clarity Act, or CLARITY Act, first surfaced, many in Washington and the broader crypto community hoped it would finally bring some much-needed ethical guardrails to the wild west of digital assets, particularly concerning federal officials. But a fresh draft, released just this past July 22, 2026, has left a lot of folks scratching their heads – and some, quite frankly, fuming. The latest iteration includes ethics p…
a16zcrypto Confirms Senate Release of Updated CLARITY Act Text
a16zcrypto has confirmed that the Senate has released the updated text of the CLARITY Act. This announcement, made via their official Twitter account, highlights an important regulatory development in the cryptocurrency sector. More information is available in their tweet here . What Happened The...
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