CLARITY Act Moves Toward Full Senate Floor Vote July 20 as Treasury Secretary Confirms No CBDC
The CLARITY Act is advancing through a turbulent Senate gauntlet, with shifting passage odds, mounting opposition, and hard recess deadlines defining its path to crypto market structure law.
The US Senate scheduled a full floor vote on the CLARITY Act for July 20, with a Senate hearing set for July 17. Treasury Secretary Scott Bessent publicly confirmed the Trump administration will not pursue a CBDC and that the CLARITY Act is forthcoming. Analysis identified the seven Democratic votes needed for passage and the make-or-break window before the August 7 recess.
CLARITY Act: the bill just ran out of road
July 20 floor vote. August 7 recess. Three weeks, and Republicans are still seven Democratic votes short.
The ethics fight — Democratic demands for provisions targeting Trump's roughly $1.4 billion in crypto-related income last year — hasn't gone away. And cloture alone needs 60 votes, which means those seven senators can't simply be whipped; they have to be convinced.
That's a genuinely hard thing to do in three weeks on a bill most senators haven't read.
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7 sources
- Treasury Sec. Scott Bessent Rules Out CBDC Under Trump, “CLARITY Act Is Coming” · coingape.com · T2
- Can the CLARITY Act Pass by August? – Senate’s July Clock · coindoo.com · T2
- Coinbase Exec Slams Senator Warren Amid CLARITY Act & National Security Debate · coingape.com · T2
- The U.S. Senate plans to push for full Senate consideration of the CLARITY Act on July 20. · lookonchain.com · T2
- XRP Price as Congress Schedules CLARITY Act Hearing on July 17 · coingape.com · T2
- Three weeks to 2030: the seven-Democrat math that decides the CLARITY Act · crypto.news · T2
- THE HILL: Crypto bill faces make-or-break moment ahead of August recess · thehill.com · T2