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Crypto

U.S. Senate Republicans move CLARITY Act to floor, with 60 votes biggest hurdle

U.S. Senate Republicans are moving quickly to bring the cryptocurrency market structure bill known as the CLARITY Act to the Senate floor as early as this week, but securing the 60 votes needed for final passage remains the biggest obstacle. The next step hinges on whether Majority Leader John Thune will initiate cloture. Democrats have raised concerns about ethics rules and DeFi, while Republican unity is not assured.

Crypto

U.S. police union backs Clarity Act revision, Coinbase urges Senate to take position

A large U.S. law enforcement organisation has publicly backed the latest revision to the Clarity Act, prompting Coinbase to press the Senate to clearly state whether it supports the amendment. Coinbase Chief Legal Officer Paul Grewal called for a public position after the Fraternal Order of Police declared support. The group said the revised bill reflects its concerns while preserving enforcement powers to investigate crypto-related crime.

Crypto

U.S. Clarity Act deadline nears ahead of August recess as Trump says Senate must pass it

The U.S. Senate is nearing a deadline to take up, debate and vote on the Clarity Act before the August recess, Bitcoin Magazine reported. The bill would clarify jurisdiction between the SEC and the CFTC over digital assets. President Donald Trump urged the Senate to pass it, citing competition from China and others. Talks continue on revised text, with disputes over developer protections and ethics rules tied to Trump’s crypto business.