Senate leaders push for July passage of CLARITY Act

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 both chambers and contained a ban on a central bank digital currency (CBDC). Trump said that he would not sign the bill until Republicans in Congress passed the SAVE America Act, legislation requiring voters to provide proof of US citizenship in person to register, adding in March that he would “not sign other bills” until it was passed.

Read more