{"id":75012,"date":"2026-07-06T08:14:42","date_gmt":"2026-07-06T08:14:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-misses-trumps-july-4-target-as-window-to-pass-shrinks-to-25-days\/"},"modified":"2026-07-06T08:14:42","modified_gmt":"2026-07-06T08:14:42","slug":"clarity-act-misses-trumps-july-4-target-as-window-to-pass-shrinks-to-25-days","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-misses-trumps-july-4-target-as-window-to-pass-shrinks-to-25-days\/","title":{"rendered":"CLARITY Act Misses Trump&#8217;s July 4 Target as Window to Pass Shrinks to 25 Days"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Patrick Witt\u2019s July 4 goal for the CLARITY Act lapsed with the bill still awaiting a Senate floor vote.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Analysts now peg 2026 passage odds near 50-50, down from about 60% in June, as ethics talks stall.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Republicans need 7 Democrats to reach 60 votes before the Senate\u2019s Aug. 7 recess deadline.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Target Missed, New Window in Sight<\/h2>\n<p>White House <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> adviser Patrick Witt, executive director of the President\u2019s Council of Advisors for Digital Assets, set the target back in May, claiming:<\/p>\n<blockquote>\n<p>\u201cWe\u2019re targeting July 4th. I think that would be a tremendous birthday present for America, celebrating our 250th.\u201d<\/p>\n<\/blockquote>\n<p>The date came and went without a floor vote, and media outlets reported earlier today that the bill\u2019s window to clear Congress before the midterms is narrowing, though three people following the process remain optimistic.<\/p>\n<figure id=\"attachment_828946\" aria-describedby=\"caption-attachment-828946\" style=\"width:925px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-828946\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>The stakes are hard to overstate. <a href=\"https:\/\/www.congress.gov\/bill\/119th-congress\/house-bill\/3633\/text\" target=\"_blank\" rel=\"noopener noreferrer\">H.R. 3633<\/a>, which draws jurisdictional lines between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), cleared the House 294-134 in July 2025 and advanced through the Senate Banking Committee 15-9 on May 14. It now sits on the Senate legislative calendar awaiting a floor vote that must clear a 60-vote cloture threshold.<\/p>\n<p>With 53 seats, Republicans need at least <a href=\"https:\/\/news.bitcoin.com\/clarity-act-gop-urgency-august-recess\/\">seven Democratic votes,<\/a> a math problem that has defined the bill\u2019s summer. Senate leaders, including Banking Chair Tim Scott and Majority Leader John Thune, have pushed for a <a href=\"https:\/\/news.bitcoin.com\/clarity-act-senate-july-push-lummis-consumer-protection\/\">July floor vote<\/a>, with Senator Cynthia Lummis touting the bill\u2019s consumer safeguards.<\/p>\n<h2>The Ethics Fight Over Trump Family Crypto<\/h2>\n<p>The core standoff is conflict-of-interest language. President Trump\u2019s June financial disclosure showed crypto-related income that <a href=\"https:\/\/news.bitcoin.com\/trump-defends-1-4-billion-crypto-windfall\/\">topped $1 billion in 2025<\/a>, alongside <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> holdings exceeding $50 million held through World Liberty Financial entities. Democrats, including Senators Ruben Gallego and Cory Booker, have demanded enforceable ethics standards addressing conflicts tied to the president and his family as the price of floor support, and negotiations have stalled over the issue.<\/p>\n<p>Republicans countered by narrowing enforcement authority to the U.S. attorney general rather than state attorneys general, an offer Democrats rejected as circular, given the attorney general serves at the president\u2019s pleasure.<\/p>\n<h2>Developers, Prosecutors and a 25-Day Clock<\/h2>\n<p>A second unresolved fight concerns the bill\u2019s Section 604 developer protections. Coinbase, Uniswap and a16z <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Crypto<\/a> have urged lawmakers to preserve safeguards for non-custodial developers, arguing that writing code should not trigger registration obligations. The National District Attorneys\u2019 Association also warned:<\/p>\n<blockquote>\n<p>\u201cThe carve-outs would severely impair the ability of law enforcement and prosecutors to investigate, trace, and prosecute criminal activity.\u201d<\/p>\n<\/blockquote>\n<p>The calendar leaves little room for error. The Senate returns July 13, compressing meaningful floor time to roughly two to three weeks before the Aug. 7 recess, a 25-day stretch that analysts treat as the effective deadline for passage this year. Odds of the bill becoming law in 2026 have slipped to about 50-50, down from roughly 60% in June.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/clarity-act-misses-july-4-august-7-deadline\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Patrick Witt\u2019s July 4 goal for the CLARITY Act lapsed with the bill still awaiting a Senate floor vote. Analysts now peg 2026 passage odds near 50-50, down from about 60% in June, as ethics talks stall. Republicans need 7 Democrats to reach 60 votes before [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75012"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75012"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75013"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}