The Senate returns to Washington on July 13, with the clock operating down on essentially the most consequential piece of crypto laws in years. Lawmakers now have roughly 4 weeks to schedule, debate, and cross the CLARITY Act earlier than the August recess.
President Trump weighed in immediately on Monday, posting on Reality Social that “in honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act” and warning that China and different nations “want to take full and whole management of this main monetary ‘happening,’” as well as A.I.
White House crypto adviser Patrick Witt amplified the urgency, noting the critical week coincides with the one-year anniversary of the GENIUS Act and cautioning, “We cannot afford to delay any longer.”
This is a window many policy watchers see as the last realistic chance to enact comprehensive digital-asset market structure legislation this Congress.
The CLARITY Act would draw a firm regulatory line between the SEC and the CFTC, granting the commodities regulator exclusive jurisdiction over spot markets for “digital commodities” while leaving the SEC to oversee investment-contract assets.
It cleared the House in July 2025 by a bipartisan 294–134 vote and advanced out of the Senate Banking Committee in May by a 15-9 margin, with two Democrats joining all Republicans.
Those committee votes, however, came with warnings that floor support was not guaranteed.
This week’s milestone is the discharge of up to date textual content merging the Senate Banking and Agriculture Committee variations, the clearest sign but of what survived negotiations and what stays unsettled.
Readability Act points stay
The invoice missed the July 4 signing ceremony that White Home crypto adviser Patrick Witt had focused, and whereas conferences ran via the recess, the thorniest points stay unresolved, in line with Crypto in America. Attending to 60 votes could show more durable than getting this far, and with the Republican convention shrinking, Democratic buy-in issues greater than ever.
Chief amongst them is the Blockchain Regulatory Certainty Act, folded into the CLARITY Act as Part 604, which might protect non-custodial software program builders from being handled as cash transmitters.
Law enforcement teams argue the language, as written, would hamper investigations into on-chain crime, and Democratic help could hinge on revisions.
An ethics standoff
The extra explosive battle is over ethics. Negotiators have but to achieve a CLARITY Act cope with the White Home on guardrails round conflicts of curiosity tied to President Trump’s crypto ventures, after disclosures confirmed he earned greater than $1 billion from crypto-related companies final 12 months.
Home members have pressed the Senate to behave whereas addressing these issues, and a coalition of greater than 200 firms has urged management to convey the invoice to the ground. The coalition argued that the invoice would set up a transparent federal framework for digital belongings and assist preserve innovation within the U.S.
Complicating the mathematics, the loss of life of Senator Lindsey Graham (R-SC) and the continued absence of Mitch McConnell (R-KY) depart Republicans with nearly no room for error in reaching 60 votes.
Sentiment is cut up. Solana Coverage Institute President Kristin Smith says momentum is constructing and a flooring vote earlier than recess stays achievable, echoing CFTC management calling the invoice “so close.”
Others are cautious: Galaxy Digital reduce its passage odds to 50-50, citing the shrinking calendar and competing priorities just like the NDAA. The agency stated the laws nonetheless faces procedural hurdles, unresolved ethics and developer-protection disputes, and a crowded Senate agenda that would delay consideration till September. Galaxy stated the percentages would enhance if Senate leaders decide to a July vote. Odds have been as excessive as 70% earlier this 12 months.
The following 4 weeks could also be CLARITY’s final likelihood within the 119th Congress.
