Key facts
- President Donald Trump will meet with senators to discuss the Clarity Act.
- The meeting is focused on resolving disputes over the bill's ethics provisions.
President Donald Trump is set to meet with US senators to discuss the Clarity Act, a crypto market structure bill. The meeting aims to resolve disputes over ethics provisions as lawmakers push for passage before the August recess.
The Clarity Act's passage could significantly shape the regulatory landscape for digital assets in the United States, impacting innovation and investor protection. Presidential engagement suggests a potential boost to the bill's momentum.
President Donald Trump is scheduled to meet with US senators to discuss the Clarity Act, a proposed crypto market structure bill, amid ongoing negotiations over its ethics provisions. The meeting comes as lawmakers are working against the clock to pass the legislation before the Senate's August recess. Ripple CLO Stuart Alderoty has urged lawmakers to support the bill, warning that voting against it would allow bad actors to exploit existing regulatory gaps, drawing parallels to the collapse of FTX. The Clarity Act aims to close these gaps, particularly concerning the jurisdiction of the CFTC and SEC over the crypto market, and to ensure regulatory oversight before tokens are introduced to the market. Senator Thom Tillis expressed optimism about reaching an agreement by the end of the week. A revised draft of the bill is expected shortly, with a hearing scheduled in the House Financial Services Committee on July 17. Prediction markets indicate a high probability of a Senate vote before the August recess, though confidence in the bill becoming law by 2026 has decreased.
Pick the topics you care about. Get only what matters, on your cadence.