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Clarity bill seen 15 percent likely to pass this year as even Republicans say it is not easy

Prospects for the U.S. “Clarity” crypto bill are dimming, with some Republican senators warning it may lack the support needed to advance next week. Negotiations over strengthened ethics provisions sought by Democrats have shown little progress. Lawmakers from both parties say the ethics dispute remains unresolved despite ethics language in the latest Senate draft. The Senate has scheduled a procedural vote for Sept. 15. The bill’s chance of becoming law this year is put at about 15 percent.

Crypto

U.S. Senate recess nears; Lummis says she expects Clarity Act vote

Uncertainty is growing over whether the U.S. Senate can act on the crypto market structure Clarity Act before its August recess. Senator Cynthia Lummis said she expects a vote before the month-long break. The Democratic schedule did not list a vote as of that day. Passage would require 60 votes to clear a filibuster. Disputes persist over ethics provisions tied to President Donald Trump and issues including stablecoins and tokenized stocks.

Crypto

U.S. Senate reaches compromise on Clarity Act ethics clauses but floor path still unclear

Bipartisan U.S. senators have drawn up a new compromise over ethics provisions in the Clarity Act, a cryptocurrency market-structure bill, but prospects for action before the August recess remain unclear. The compromise was sent to the White House, though its wording has not been disclosed. Democrats have sought tougher rules amid concerns about President Donald Trump’s conflicts of interest. Senate leaders have yet to file key floor motions, and other priorities could push consideration into September.