Senate | Crypto

The decision keeps the administration’s chief crypto policy negotiator in place during what could be a decisive few weeks for the CLARITY Act. The White House’s top crypto adviser Patrick Witt said he will no longer take a leave of absence at the end of the month for military training, allowing him to remain at the White House to help advance the CLARITY Act in the Senate. “Last week, it was reported that I was set to leave for mandatory training as part of my service in the Georgia Army National Guard, right before Clarity hits the Senate floor,” Witt said in an X post on Monday.  “While I remain committed to fulfilling my service obligation, I am grateful to report that my training has been deferred, and that I will be able to see this effort through to the end,” he added.  Read more

Polymarket bettors have cut the odds of the CLARITY Act passing this year to a record low as Senate negotiations over ethics provisions remain unresolved.

The Senate approved a resolution opposing clemency for former FTX CEO Sam Bankman-Fried as prediction markets put the odds of a Trump pardon by July 31 below 1%. The US Senate has adopted a resolution opposing executive clemency for former FTX CEO Sam Bankman-Fried, the convicted crypto executive behind one of the industry’s largest collapses. The Senate has agreed by unanimous consent to the simple resolution (S. Res. 772), with a nonbinding measure stating that Bankman-Fried should not receive executive clemency, according to a Wednesday X post by the Senate Press Gallery. The resolution affirms the Senate’s commitment to the rule of law and the integrity of the US financial system following Bankman-Fried’s conviction on fraud and conspiracy charges related to FTX’s collapse. Read more

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

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.

Senator Ron Wyden has called on Senate leaders to ensure the Blockchain Regulatory Certainty Act remains in the CLARITY Act when it is brought to the floor. US Democratic Senator Ron Wyden has urged Senate leaders to ensure that crypto developer protections stay in the crypto market structure legislation that lawmakers are looking to pass ahead of the midterms. Wyden told Senate Minority Leader John Thune and Senate Majority Leader Charles Schumer to preserve a section of the CLARITY Act known as the Blockchain Regulatory Certainty Act (BRCA), according to a letter shared by Crypto in America podcast co-founder Eleanor Terrett on Wednesday. “Developers who make and release software that allows people to manage their own digital assets — and, critically, where the developer does not control user assets — should not be treated as money transmitters solely because they create or publish software,” Wyden wrote. Read more

JPMorgan has warned that Congress could create new gaps in financial oversight if it moves too quickly to write new rules for the crypto industry. The warning comes as Senate leaders try to advance the Digital Asset Market Clarity Act, a broad bill that would divide federal oversight of digital assets between the Securities and […] The post JPMorgan warns rushed US crypto rules could create market loopholes as Senate races toward July CLARITY Act vote 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 ...

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

Some of the largest US crypto companies and advocacy groups are escalating a coordinated lobbying campaign to secure a Senate vote on landmark digital-asset legislation before lawmakers leave Washington for their August recess. The industry’s push for the Digital Asset Market CLARITY Act comes as the Senate confronts a narrowing legislative calendar, and negotiations remain […] The post Crypto firms race to lock in CLARITY Act rules before the Senate window closes appeared first on CryptoSlate.

Senator Cynthia Lummis told Fox Business on June 24 that negotiators expect final Senate compromise language around the July 4 recess and then plan to “move in July,” the most public deadline any sponsor has set for a bill that cleared the Senate Banking Committee in May. The declaration came before Senate Majority Leader John […] The post Cynthia Lummis gave CLARITY Act a July promise, but it still needs a Senate path appeared first on CryptoSlate.

The House Financial Services Committee has scheduled back-to-back hearings, focusing directly on the CLARITY Act. Expectation? The post Senate’s 60-Vote Gap Looms Over CLARITY Act Before August Recess appeared first on Cryptonews.

The Senate voted 85-5 to pass a major housing affordability bill that includes a ban on the Federal Reserve making a central bank digital currency until 2030. The US Senate has passed housing legislation that includes a ban on the Federal Reserve creating or working on a central bank digital currency (CBDC) until 2030, which is expected to be quickly taken up and passed by the House. The Senate on Monday voted 85-5 to pass the 21st Century Road to Housing Act, which aims to increase the housing supply after a bipartisan group of House and Senate leaders reached a deal last week to move forward with the legislation. The bill has included a CBDC ban since the Senate first passed a version of the bill in March, which outlines that the Fed may not, directly or indirectly, “issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency.” Read more

Fairshake, the crypto industry's flagship super PAC, put more than $12 million behind Barry Moore's run for an open Alabama Senate seat, the largest single-candidate spend of its 2026 campaign, and on Tuesday, Moore won the Republican runoff with about 56% of the vote. In a state this deeply red, where no Democrat has won […] The post Crypto PACs are helping Senators win US primaries faster than the Senate can move the law they want appeared first on CryptoSlate.

Defend American Jobs reported spending $7.4 million on media to support Republican Barry Moore ahead of his May 20 Alabama primary, and an additional $4.7 million before Tuesday’s runoffs. Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run for a US Senate seat in the party’s Tuesday primary runoff in Alabama. As of Tuesday, filings with the Federal Election Commission (FEC) showed that Defend American Jobs had spent more than $4.7 million on media and ads to back Republican Barry Moore’s candidacy in a runoff for one of Alabama’s US Senate seats, adding to the $7.4 million it reported spending ahead of his May 20 primary. Moore, who also has the endorsement of US President Donald Trump, is running against Jared Hudson, another Republican vying to replace Tommy Tuberville, who announced that he would not be seeking reelection, as he is focused on becoming the state’s ne...

Crypto lobby groups representing hundreds of organizations urged Senate leaders in a letter to schedule a vote on a key crypto bill ahead of the midterms. More than 200 crypto companies and organizations have urged the US Senate to pass the CLARITY Act, amid concerns that continued stalling could see it miss an important legislative window. In a letter on Monday shared by crypto lobby group Stand With Crypto, the group called on Senate Majority Leader John Thune and Minority Leader Chuck Schumer “to bring the Clarity Act to the Senate floor without delay.” It said the Senate Banking Committee's vote last month to pass the bill took “months of serious, bipartisan work” and the Senate should “build on that momentum and give members the opportunity to advance durable market structure legislation.” Read more

The dwindling congressional calendar may spur a legislative competition for the crypto market structure bill to win Senate floor time against other priorities.

Many Democratic lawmakers have said that they will not support any version of a crypto market structure bill without provisions on ethics to address potential conflicts of interest by elected officials. US Senate consideration of the Digital Asset Clarity (CLARITY) Act is likely to resume as members reconvene this week after an extended Memorial Day holiday. Many US lawmakers and crypto industry leaders are pushing for consideration of the CLARITY Act, a crypto market structure bill introduced by Republicans and passed by the House of Representatives in July 2025. The bill, expected to give more authority to the federal commodities regulator over digital assets, passed two crucial committees before the one-week break. It has been debated in Congress amid pushback from industry and banking representatives over stablecoins, tokenized equities and other issues. Read more

Senate Banking cleared the CLARITY Act 15-9 on May 14, and within two weeks, President Donald Trump posted on Truth Social pledging to codify a “future-proof” digital asset market that haters could not undo, calling the US the “crypto capital of the world.” Crypto allies are using the timing to press the argument that a […] The post Trump’s crypto push hits the Senate vote math behind CLARITY Act’s July 4 target appeared first on CryptoSlate.