{"id":75210,"date":"2026-07-10T08:50:35","date_gmt":"2026-07-10T08:50:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/new-clarity-act-draft-could-land-next-week-as-senate-faces-60-vote-test\/"},"modified":"2026-07-10T08:50:35","modified_gmt":"2026-07-10T08:50:35","slug":"new-clarity-act-draft-could-land-next-week-as-senate-faces-60-vote-test","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/new-clarity-act-draft-could-land-next-week-as-senate-faces-60-vote-test\/","title":{"rendered":"New CLARITY Act Draft Could Land Next Week as Senate Faces 60-Vote Test"},"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\">Sources say the merged CLARITY Act adds over 70 pages and could drop the week of July 13.<\/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\">The bill needs 60 Senate votes; two Democrats warn unresolved ethics rules could cost their support.<\/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\">Floor action is targeted for the week of July 20, ahead of the Aug. 7 recess seen as the deadline.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Development That Could Change a Lot<\/h2>\n<p>The new draft would fuse the versions produced by the Senate Banking and Agriculture Committees into a single text. Reporters following the effort said more than 70 pages of text have been added to the unified version, which is described as placing heavier emphasis on consumer protections than earlier drafts.<\/p>\n<p>With only three working weeks in July and the first week of August left before lawmakers scatter for the summer break and attention shifts to the fall midterm elections, the coming July 13 to Aug. 7 stretch stands to be a decisive window for the industry\u2019s best shot at federal market-structure rules.<\/p>\n<figure id=\"attachment_829955\" aria-describedby=\"caption-attachment-829955\" style=\"width:1445px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-829955\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>The biggest unresolved question is a Democrat-demanded restriction that would keep senior government officials, including the president, from maintaining business ties with the <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> sector. According to reports, the merged text has not yet solidified a position on that provision, and ideas under discussion include allowing state attorneys general to sue over ethics violations.<\/p>\n<p>Two Democrats who voted to advance the Banking Committee\u2019s version have warned they may not approve a final bill unless the ethics provisions are addressed. The White House, for its part, has not signed off on the merged text or engaged in recent negotiations, and a White House letter noted that Democrats had not nominated candidates for the minority seats at the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).<\/p>\n<p>People familiar with the negotiations told media personnel the effort had \u201cslowed to a crawl\u201d in recent weeks. Federal preemption of state rules also remains unsettled, another reminder that merging two committee products is easier to announce than to execute.<\/p>\n<h2>A Four-Week Window to the August Recess<\/h2>\n<p>Senate Republican leaders, including Banking Chair Tim Scott and Majority Leader John Thune, have been coordinating a push for a July vote, as <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News <a href=\"https:\/\/news.bitcoin.com\/clarity-act-senate-july-push-lummis-consumer-protection\/\">previously reported<\/a>. Moreover, Senator Cynthia Lummis, the Wyoming Republican who has championed the bill, has continually pushed it forward as a landmark consumer-first legislation, claiming:<\/p>\n<blockquote>\n<p>\u201c[It is] a consumer-friendly disclosure framework for digital assets. Not retrofitted from 1933. Built for 2026 and beyond.\u201d<\/p>\n<\/blockquote>\n<p>Lummis has also defended the bill against illicit-finance criticism from Senator Elizabeth Warren, pointing to more than <a href=\"https:\/\/news.bitcoin.com\/lummis-fires-back-at-warren-says-clarity-act-has-16-illicit-finance-safeguards\/\">16 safeguards<\/a> in the text. Outside endorsements have continued to accumulate as well, with the National Organization of Black Law Enforcement Executives (NOBLE) <a href=\"https:\/\/news.bitcoin.com\/noble-law-enforcement-backs-clarity-act\/\">backing the bill<\/a> earlier this month.<\/p>\n<p>That said, even if the Senate clears the bill, the House of Representatives must approve the Senate\u2019s version before it can reach President Trump\u2019s desk, and the House has been slowed for weeks by Republican infighting. Miss the August recess, and the effort could slip into 2027.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/clarity-act-new-draft-senate-60-vote-test\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Sources say the merged CLARITY Act adds over 70 pages and could drop the week of July 13. The bill needs 60 Senate votes; two Democrats warn unresolved ethics rules could cost their support. Floor action is targeted for the week of July 20, ahead of [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75211,"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\/75210"}],"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=75210"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75211"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}