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Crypto

Trump speed push meets caution from U.S. senator over crypto Clarity Act

U.S. Democratic Senator Ruben Gallego warned that rushing a vote on the Clarity Act could set back legislation on crypto market structure. He said forcing a vote without resolving ethics rules and stablecoin revenue issues could undo progress made so far. Speaking at a blockchain symposium in Wyoming, Gallego urged the industry to support further bipartisan talks. President Donald Trump pressed Congress to pass a “fair version” of the bill, while Senate leaders have delayed action until September.

Crypto

U.S. Clarity Act vote slips to September, White House crypto adviser blames Democrats

The U.S. Senate’s Clarity Act has again become a political flashpoint ahead of a September voting deadline. White House crypto adviser Patrick Witt criticised Senate Democrats, saying they blocked a procedural vote before the August recess and sought to extend the deadline. Republican Senate leader John Thune filed a motion to set up a key procedural vote after the recess. The bill aims to define SEC and CFTC jurisdiction and create rules for digital asset issuance and sales.

Crypto

U.S. crypto policy exodus cuts odds of Clarity Act passage this year to 27 percent

Expectations for U.S. passage this year of the Clarity cryptocurrency market-structure bill have fallen sharply, with Polymarket putting the odds at 27 percent on July 29, CryptoSlate reported. Departures by key crypto policy figures in the Treasury, the White House, the SEC and the Senate have added to concerns. The bill has cleared the Senate Banking Committee but still faces a full Senate vote and hurdles including ethics provisions, banking opposition and election-year scheduling.