Trump Approves CLARITY Act Text as Senate Vote Nears Before August Recess

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.

President Trump approved the final text of the crypto market structure bill and met with senators in a session described as 'hugely positive' to resolve remaining deadlocks before the August recess. Senator Lummis formally introduced the bill, while Senate Democrats continued to raise opposition over ethics provisions related to Trump's personal crypto holdings. A House Financial Services Committee hearing on the CLARITY Act is also scheduled, and the DOJ's criminal division separately raised concerns about the bill's impact on money laundering prosecutions.