{"id":75542,"date":"2026-07-17T12:40:36","date_gmt":"2026-07-17T12:40:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trump-backed-clarity-act-text-set-to-drop-with-no-democrats-on-board-and-it-needs-7-of-them\/"},"modified":"2026-07-17T12:40:36","modified_gmt":"2026-07-17T12:40:36","slug":"trump-backed-clarity-act-text-set-to-drop-with-no-democrats-on-board-and-it-needs-7-of-them","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trump-backed-clarity-act-text-set-to-drop-with-no-democrats-on-board-and-it-needs-7-of-them\/","title":{"rendered":"Trump-Backed CLARITY Act Text Set to Drop With No Democrats on Board, and It Needs 7 of Them"},"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\">Sen. Bernie Moreno said the CLARITY Act text would drop right after the July 17 meeting with Trump.<\/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\">Sen. Ruben Gallego called the GOP\u2019s ethics language \u2018very weak\u2019 as Democrats withhold crucial votes.<\/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, including at least 7 Democrats, before the Aug. 8 recess deadline.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Delay After Delay<\/h2>\n<p>Republican senators were expected to unveil the long-delayed Senate text following Thursday afternoon\u2019s meeting with the president. The release would cap nearly a year of negotiations, after sources close to the matter said earlier this month that a new version could surface within days. Sen. Bernie Moreno (R-Ohio) confirmed the timing to reporters, adding:<\/p>\n<blockquote>\n<p>\u201cWe\u2019ll do that right after the meeting. You guys have a lot of reading to do.\u201d<\/p>\n<\/blockquote>\n<p><\/p>\n<p>Democratic senators were not expected to attend the White House meeting, and several have already stated they will not back the current version of the bill. The central sticking point remains an ethics provision intended to address concerns about President Trump\u2019s business interests in 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> industry, with Democrats insisting on stronger language as a condition for their support.<\/p>\n<p>Sen. Ruben Gallego (D-Ariz.), a lead Democratic negotiator, described the Republican language as \u201cvery weak,\u201d arguing it provides excessive latitude and insufficient consumer protections. Gallego stated:<\/p>\n<blockquote>\n<p>\u201cThey\u2019re taking a version of the text to the president with their ethics provisions, not with anything that we agree to as Democrats.\u201d<\/p>\n<\/blockquote>\n<p>Sen. Cory Booker (D-N.J.) reinforced the point, noting: \u201cThe only way to get this done is a bipartisan pathway.\u201d<\/p>\n<h2>The Math to 60 Votes<\/h2>\n<p>The legislation <a href=\"https:\/\/news.bitcoin.com\/clarity-act-gop-urgency-august-recess\/\">needs 60 votes<\/a> to clear the Senate, and Republicans hold 53 seats, meaning at least seven Democrats must cross over for the bill to pass. Senate leaders have been <a href=\"https:\/\/news.bitcoin.com\/clarity-act-senate-july-push-lummis-consumer-protection\/\">racing to pass<\/a> the measure this month, with floor action targeted for the week of July 20. The bill already missed the <a href=\"https:\/\/news.bitcoin.com\/clarity-act-misses-july-4-august-7-deadline\/\">July 4 target<\/a> the president had set, leaving the Aug. 8 start of the August recess as the deadline many lawmakers view as its last realistic window this year.<\/p>\n<p>Bipartisan support has existed before, as the Senate Banking Committee advanced the bill in a <a href=\"https:\/\/news.bitcoin.com\/clarity-act-senate-vote-warren-crypto-regulation-2026\/\">15-9 vote<\/a> on May 14, with Democrats Ruben Gallego and Angela Alsobrooks joining Republicans. That support has since frayed over the ethics fight, even as industry voices press for passage. Coinbase\u2019s policy chief has called the measure a <a href=\"https:\/\/news.bitcoin.com\/coinbase-clarity-act-dramatic-advance-senate\/\">dramatic advance<\/a> in consumer protection.<\/p>\n<p> <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Prediction markets<\/a> mirror the uncertainty with Polymarket odds on the CLARITY Act becoming law in 2026 <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/2077856719917535732\" target=\"_blank\" rel=\"noopener noreferrer\">climbing to 45%<\/a> on July 17, rebounding from a record low of 24% set just four days earlier.<\/p>\n<p>The text release now becomes the trigger for everything else. Republicans want a floor vote before the recess, and the House Financial Services Committee\u2019s Digital Assets Subcommittee held a field hearing on July 17, marking one year since the House first passed the measure. If the Senate amends and passes the bill, the House must still align on the final version before it can reach the president\u2019s desk.<\/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\/clarity-act-text-trump-meeting-democrats\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Sen. Bernie Moreno said the CLARITY Act text would drop right after the July 17 meeting with Trump. Sen. Ruben Gallego called the GOP\u2019s ethics language \u2018very weak\u2019 as Democrats withhold crucial votes. The bill needs 60 Senate votes, including at least 7 Democrats, before the [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75543,"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\/75542"}],"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=75542"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75543"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}