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Senate nears key vote on CLARITY Act
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Senate nears key vote on CLARITY Act

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  • US senators are preparing a revised CLARITY Act ahead of a possible vote later this month.
  • Democratic support remains uncertain as negotiations continue over ethics, DeFi and stablecoin rules.
  • The White House said it has not blocked Democratic nominations to the SEC and CFTC.

US Senate negotiators are preparing a revised CLARITY Act that could reach the Senate floor during the week of July 20.

The updated draft reportedly adds more than 70 pages and places greater focus on consumer protections and recent policy changes.

There was no executive quote included in the source material.

Lawmakers are still negotiating ethics rules, stablecoin provisions, protections for decentralised finance developers and the balance of power between the Securities and Exchange Commission and Commodity Futures Trading Commission.

The bill still needs enough Democratic support to reach the Senate's 60-vote threshold before lawmakers begin their August recess.

The White House recently said it had requested Democratic nominees for the Securities and Exchange Commission and Commodity Futures Trading Commission but had not received any names.

If the Senate approves the revised CLARITY Act, the House must also pass the updated bill before it can be sent to President Donald Trump for approval.

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