{"id":75492,"date":"2026-07-16T11:16:01","date_gmt":"2026-07-16T11:16:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/heres-what-comes-next-in-the-senate\/"},"modified":"2026-07-16T11:16:01","modified_gmt":"2026-07-16T11:16:01","slug":"heres-what-comes-next-in-the-senate","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/heres-what-comes-next-in-the-senate\/","title":{"rendered":"Here&#8217;s What Comes Next in the Senate"},"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\">Coinbase\u2019s Faryar Shirzad called the Clarity Act \u201ca dramatic advance in consumer protection.\u201d<\/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 Senate targets floor action the week of July 20, with the Aug. 7 recess leaving a narrow window.<\/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\">Coinbase plans tokenized equities and an \u201ceverything exchange\u201d if the bill clears its 60-vote hurdle.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>More Support Pours In<\/h2>\n<p>Shirzad made the case for the Digital Asset Market Clarity Act in a Fox Business interview on Wednesday, describing the legislation as \u201ca dramatic advance in consumer protection and market integrity.\u201d The appearance that comes as the bill nears its decisive stretch is part of an intensifying industry push ahead of an expected Senate floor vote.<\/p>\n<p><\/p>\n<p>The Coinbase executive called the bill a means of unlocking the exchange\u2019s next act, adding:<\/p>\n<blockquote>\n<p>CLARITY is the piece of legislation that gives us the regulatory certainty to offer those products to our customers. There\u2019s an enormous move comprehensively across the financial system to move financial assets onchain.<\/p>\n<\/blockquote>\n<p>The Clarity Act would create the first comprehensive federal framework for digital assets, dividing regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It addresses how assets are classified, what issuers must disclose, and how trading platforms register, questions that have been litigated piecemeal for a decade.<\/p>\n<p>The measure has been grinding through Congress for nearly a year. The House approved its version in July 2025, and the Senate Banking Committee advanced its draft by a 15-9 vote in May 2026. Negotiators released a merged text this week after roughly 10 months of talks, and the measure has been added to the Senate calendar, with floor action targeted for the week of July 20.<\/p>\n<p>Passage requires 60 votes, and the Senate\u2019s Aug. 7 recess leaves a narrow window because the bill already missed the White House\u2019s <a href=\"https:\/\/news.bitcoin.com\/clarity-act-misses-july-4-august-7-deadline\/\">July 4 target<\/a> for a signing.<\/p>\n<h2>The Push and the Pushback<\/h2>\n<p>Momentum has been building from unusual directions, with President Donald Trump recently <a href=\"https:\/\/news.bitcoin.com\/trump-escalates-clarity-act-push-as-china-threatens-us-crypto-lead\/\">urging the Senate<\/a> on July 13 to pass the bill, warning that China could seize the lead in <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> innovation, and the Federal Law Enforcement Officers Association this week became the <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/2077491229542039938\" target=\"_blank\" rel=\"noopener noreferrer\">second law-enforcement endorsement<\/a> of the measure.<\/p>\n<p>Opposition remains concentrated among a group of Democrats led by Senator Elizabeth Warren, who has argued the bill is a ticket to sanctions evasion because of exemptions for certain non-custodial services. Shirzad has rejected that sort of posturing, arguing the bill would place <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> platforms under Bank Secrecy Act duties, including anti-money laundering programs and customer verification. \u201cThis isn\u2019t a free pass for <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>,\u201d he said earlier this month, calling the measure \u201ca strict security mandate.\u201d<\/p>\n<p>Ethics rules, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> rewards and developer protections were the last disputes still open as staff finalized the merged draft, according to reports last week. The next step is the floor vote itself, where the bill\u2019s bipartisan committee support faces its broader test. Shirzad has predicted the votes are there, pointing to the roughly 80 House Democrats who backed the earlier version. With three working weeks left before recess and midterm politics closing in behind it, the Clarity Act is finally down to the only count that matters, i.e. 60.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/coinbase-clarity-act-dramatic-advance-senate\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Coinbase\u2019s Faryar Shirzad called the Clarity Act \u201ca dramatic advance in consumer protection.\u201d The Senate targets floor action the week of July 20, with the Aug. 7 recess leaving a narrow window. Coinbase plans tokenized equities and an \u201ceverything exchange\u201d if the bill clears its 60-vote [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75493,"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\/75492"}],"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=75492"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75493"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}