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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.