Search results for White House Crypto Council
Crypto
July 4 deadline wavers, XRP rally and the fate of the Clarity Act
Crypto markets this week weighed hopes for an XRP rebound against data showing a sharp drop in XRP Ledger activity. Uncertainty also rose over whether the U.S. Clarity Act can be handled by the July 4 Independence Day target, keeping regulatory doubts in focus. Bitcoin stayed rangebound and broader fund rotation into altcoins remained limited. Ripple executives highlighted on-chain settlement as a strategy, while analysts debated key XRP price levels and scenarios.
Crypto
U.S. CLARITY Act delayed by ethics impasse, July 4 enactment goal in doubt
The U.S. market-structure bill for cryptocurrencies, the CLARITY Act, has entered a phase where meeting a July 4 enactment goal is effectively difficult, with the Senate having only nine session days left and no bipartisan agreement on key issues. Talks have stalled over ethics provisions related to Donald Trump, while law-enforcement groups have raised concerns about provisions they say could hinder money-laundering investigations and prosecutions.
Crypto
U.S. CLARITY Act faces uncertainty after withdrawal of tentative deal on Trump ethics clause
The U.S. Senate’s CLARITY crypto market structure bill has fallen back into uncertainty after a bipartisan tentative deal on an ethics provision effectively collapsed. Republicans and the White House withdrew key language that would have allowed state attorneys general to sue the Justice Department over enforcement. Democrats objected, and legal debate continues. Law enforcement groups also oppose parts of the bill. The White House maintains a July 4 target, though further bicameral drafting is needed.