CLARITY | Crypto

XRP price is trading around $1.09 as Ripple continues to engage U.S. lawmakers amid stablecoin legislation moving through Congress. The post XRP Price Could Double as Ripple Pushes Senate for Clarity Act appeared first on Cryptonews.

US President Donald Trump is set to meet with several senators on Thursday as negotiators race to get the CLARITY Act across the line before the Senate’s August recess. US President Donald Trump is set to meet with several senators at the White House on Thursday to discuss progress on the crypto market structure bill.  According to Politico, Senator Bernie Moreno said a group of senators will brief the president on the bill and “its path to success.” Senator Cynthia Lummis will also attend, according to a Senate Republican aide. “We’ll be talking about the entirety of the bill. I mean, obviously the president’s been very engaged in this bill,” said Moreno. “He’s the one who’s really driven the innovation that I think will pay dividends.”  Read more

Senate Majority Leader John Thune reportedly said the chamber will consider a vote on the crypto market structure bill before Aug. 10, though it’s unclear whether it has enough Democratic support to pass. The US Senate is expected to vote soon on a comprehensive bill to establish market structure rules for digital assets, backed by Republican lawmakers, while some Democrats continue to push for ethics provisions. In a Tuesday press conference, Senators Chris Murphy, Jeff Merkley, and Chris Van Hollen spoke alongside representatives for Americans for Financial Reform and Indivisible and Hollywood actor Ben McKenzie in opposition to the Digital Asset Market Clarity (CLARITY) Act. The lawmakers said that the bill did not address what they called “[Donald] Trump’s crypto corruption,” referring to the US President’s ties to the industry through his memecoin, his family’s World Liberty Financial company and other businesses and investments. “There is no reason to pass a new regulatory system for crypto if this syst...

ABA and state banking associations published a joint letter calling for more detail on the CLARITY Act’s stablecoin yield provisions, ahead of the bill’s House hearing on July 17. A wide swath of the US banking industry is urging Senate leaders to amend the stablecoin yield provisions of the Digital Asset Market Clarity Act (CLARITY) now under consideration.  The American Bankers Association (ABA), the Independent Community Bankers of America (ICBA) and 76 other state banking associations sent a joint letter to Senate leaders that claimed that the current language on stablecoin interest, yield and rewards is too ambiguous and argued that new amendments need to prevent payment stablecoins from acting as deposit substitutes rather than pure transaction tools. The joint letter, which showed support for the broader bill, said the ABA is concerned that ambiguities within the bill “could encourage stablecoin arrangements to effectively function as substitutes for deposits, despite Congress’s longstanding and clearl...

The White House is increasing pressure on the Senate to pass the CLARITY Act before lawmakers leave Washington for their August recess. On July 13, President Donald Trump urged the US Congress to approve the legislation and cast the measure as part of the United States’ competition with China over cryptocurrency and artificial intelligence. He […] The post Trump puts Senate on a 24-day clock to find 60 votes for America’s crypto CLARITY Act rulebook appeared first on CryptoSlate.

The Federal Law Enforcement Officers Association expressed support for the CLARITY Act but urged changes to the legislation’s language. The Digital Asset Market Clarity Act has secured its second public endorsement from a major US law enforcement organization, coming just weeks before what many see as a make-or-break legislative deadline before the Senate’s August recess. In a July 10 statement, the Federal Law Enforcement Officers Association (FLEOA) said it submitted a letter to the US Senate Banking Committee endorsing the CLARITY Act, while calling for changes to strengthen accountability in decentralized finance (DeFi) and preserve investigators’ existing powers.  “[FLEOA] expressing support for CLARITY and confirming what many of us know — this bill is strong on consumer protection and law enforcement,” said Ji Kim, CEO of the Crypto Council, in a statement Monday.  Read more

Five senators called for committee hearings to investigate US President Donald Trump’s policies potentially being influenced by crypto funding from United Arab Emirates-linked and other entities. Five Democratic senators have called for committee hearings “to investigate the national security implications of President Trump’s cryptocurrency holdings” as the chamber considers digital asset market structure legislation. In a Friday notice, the Democratic ranking members of five US Senate committees and subcommittees asked lawmakers to address President Donald Trump’s 2025 financial disclosure, in which he reported earning about $1.4 billion connected to crypto ventures like his memecoin and family’s World Liberty Financial platform. The lawmakers said that the reports “heighten concerns about the President pushing Congress to pass crypto legislation in favor of the very industry he’s cashing in on,” referring to the Digital Asset Market Clarity (CLARITY) Act, on which the Senate is expected to vote this month. ...

As the CLARITY Act advances, crypto's growing political influence in Washington is under scrutiny. But the crypto lobby's massive campaign spend is only part of the story. The crypto industry has spent years convincing Washington that it deserves a seat at the table. Now, as Congress inches toward passing the CLARITY Act, a long-awaited crypto market structure bill, it seems it finally has one. The question is no longer whether lawmakers are listening to digital asset advocates, but whether the crypto lobby’s deep pockets and influence in election campaigns will be enough to get the legislation over the line. That debate comes as Senate negotiators work toward a potential floor vote before Congress breaks for its August recess.  Read more

The agenda puts issuers, broker-dealers, and trading venues on separate NPRM tracks while the Senate races Aug. 7. The post SEC could start writing crypto rules before the Senate votes on CLARITY appeared first on CryptoSlate.

The bill's next test is whether Senate leaders can turn committee momentum into floor time before the August work period. The post CLARITY Act misses July target making August 7 a critical date for the bill appeared first on CryptoSlate.

Bitmine's big buy contrasts with crypto treasury peer Strategy, which reported selling millions of dollars worth of its Bitcoin holdings on Monday. Bitmine Immersion Technologies, holding one of the largest Ether (ETH) stockpiles as part of its treasury strategy, said Monday it added of $74 million worth of the second-biggest crypto by market cap, in contrast with Strategy, a major Bitcoin (BTC) holder, which offloaded coins to fund its dividend payments. Bitmine said that it held 5,742,237 ETH as of Sunday, marking an increase of 42,197 Ether since it reported on its holdings last week. The ETH holdings were reported when the token was valued at about $1,759, making its most recent buys worth about $74 million. The price of ETH has since increased to $1,792 apiece at the time of publication. Bitmine chair Tom Lee said optimism about the passage of the Digital Asset Market Clarity (CLARITY) Act in the US was an “important milestone” that could allow “smart contract platforms like ethereum to benefit” among th...

The CLARITY Act's two biggest obstacles are moving in opposite directions this week. Law enforcement opposition is softening, while the ethics fight over crypto conflicts of interest is sharpening. Before this week, forecasters and prediction markets already had CLARITY at a coin flip of becoming law in 2026. The core blockers were floor time, an […] The post Trump memecoin ethics fight still controls CLARITY Act vote after law enforcement opposition cracks appeared first on CryptoSlate.

All parties are still optimistic that Clarity can happen before the midterms, but time is really starting to run out.

The Major County Sheriffs of America said it still wants the CLARITY Act amended to give local law enforcement more resources to investigate illicit finance cases. The Major County Sheriffs of America reportedly said it no longer opposes the CLARITY Act after initially raising concerns over how the bill would affect illicit finance investigations. In a letter to US Senate Banking Committee chair Tim Scott and Senator Elizabeth Warren on Friday, the MCSA said it shifted its stance on the CLARITY Act to “neutral” after some of its concerns in a May 14 letter regarding Section 604 in the bill were addressed. Section 604 relates to the Blockchain Regulatory Certainty Act, which seeks to protect developers from liability for illicit activity committed by users on their decentralized platforms. Read more

NOBLE becomes the first major law enforcement group to endorse the Clarity Act, shifting Senate dynamics as an August 10 recess deadline looms. The post The First Major Law Enforcement Group Just Endorsed the CLARITY Act, And It Could Flip the Senate Vote appeared first on Cryptonews.

The 140-partner model challenges USDC reserve economics while leaving issuer, reserve and redemption tests unresolved. The post Is OpenUSD the answer to bank push back on CLARITY? Hints stablecoin yield concessions will fail appeared first on CryptoSlate.

Lawmakers in the US Senate are on state work periods until July 13, giving them only four weeks to address a cryptocurrency market structure bill before another break and possible delays due to campaigning for elections. The path of the Digital Asset Market Clarity (CLARITY) Act, a bill intended to establish comprehensive guidelines for cryptocurrency regulation, remains uncertain with the US Congress set to break for another state work period in a matter of weeks. Since passage in the US House of Representatives in July 2025, the CLARITY Act has faced several hurdles advancing in Congress, from industry pushback on stablecoin rewards to lawmakers’ concerns about ethics. The bill passed the Senate Agriculture Committee in January and the Senate Banking Committee in May along party lines, setting it up for consideration in the full chamber. However, US President Donald Trump on Wednesday cancelled the signing ceremony for the 21st Century ROAD to Housing Act, a housing bill that received bipartisan support in ...

Illinois just became the first state to tax crypto by the transaction. The new 0.2% levy hits nearly every trade, transfer, or custody service an exchange runs for an Illinois resident, and it takes effect January 1, 2027. Governor JB Pritzker signed the Digital Asset Tax Act in mid-June, tucked inside a $55.9 billion budget. […] The post What states can still do to crypto after GENIUS and CLARITY appeared first on CryptoSlate.

The CLARITY Act, the crypto industry’s most important bill in Congress, is running out of time. The bill, which would establish federal rules for the crypto industry, is increasingly at risk of slipping deeper into the 2026 election year amid renewed partisan fights and a new demand from President Donald Trump that has made an […] The post CLARITY Act chances of passage this year falls to 50% after Trump’s new demands appeared first on CryptoSlate.

Galaxy cut its 2026 CLARITY Act odds to 50%, warning that Senate floor time is running out before the August recess. Galaxy Digital has cut its odds of the CLARITY Act becoming law in 2026 to 50%, warning that the US Senate is running out of time to move the crypto market structure bill before its August recess. “We are reducing our odds of CLARITY Act passage in 2026 to 50-50,” wrote Galaxy's head of firmwide research, Alex Thorn, citing the lack of a unified Senate Banking-Agriculture text, no firm floor schedule and a narrowing legislative window before lawmakers leave Washington.  Thorn said the downgrade was about the bill's timing, not substance and added that the congressional competition for floor time “intensified” after US President Donald Trump abruptly canceled the signing of the bipartisan housing bill and said he would not sign it until Congress passed the SAVE Act, to introduce a proof-of-citizenship elections bill. Read more