Login
Sign Up
Woofun AI reports that the U.S. CLARITY Act is entering a critical two-week consultation period while the Senate remains on recess until July 13. Bipartisan staff, government officials, and industry stakeholders are intensifying efforts to align the Banking and Agriculture Committee bill versions and agree on ethical guidelines and anti-illegal financial activity provisions. Passage requires at least 60 Senate votes, necessitating support from at least seven Democrats even if all 53 Republicans vote in favor. Democratic backing may hinge on the White House establishing a strong ethical framework for Trump’s crypto activities. Key law enforcement agencies continue to oppose the Blockchain Regulatory Certainty Act provisions, citing increased difficulty in investigating on-chain crimes. Unresolved issues in the Agriculture Committee version include federal pre-emption over state laws, exchange conflict-of-interest management, and related-party transaction restrictions. Sources indicate no final agreement has been reached, leaving uncertainty about whether a Senate vote can occur before the August recess.