According to CoinDesk, informed sources revealed that the latest consolidated draft of the U.S. Digital Asset Market Transparency Act (Clarity Act) could be released as early as next week, with the Senate expected to advance its consideration during the week of July 20. This consolidated draft, jointly negotiated by the Senate Banking Committee and the Senate Agriculture Committee, adds over 70 pages and strengthens consumer protection provisions. However, the bill still faces multiple obstacles: Democrats insist on imposing restrictions on commercial ties between senior government officials, including the President, and the crypto industry, and no compromise has yet been reached on this ethics provision. Additionally, issues such as federal preemption, SEC and CFTC commissioner nominations remain unresolved, and the White House has not participated in the latest negotiations. For the bill to pass in the Senate, it must secure 60 votes, leaving an extremely narrow window—only about four weeks of legislative schedule remain in the Senate during July and early August, while ongoing infighting among Republicans in the House further increases legislative uncertainty.
The U.S. Clarity Act draft may be released next week.
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Summary
As reported by TechFlow, insiders revealed that the latest consolidated draft of the U.S. Digital Asset Market Transparency Act (Clarity Act) could be released as early as next week, with CFTC provisions included in the updated framework. The Senate is expected to advance its review during the week of July 20. Negotiated by the Senate Banking and Agriculture Committees, the draft adds over 70 pages and strengthens consumer protections. The bill still faces hurdles, including disputes over government ties to crypto, unresolved federal priorities, and stalled SEC and CFTC commissioner nominations. With no White House involvement, the path forward remains uncertain. The bill requires 60 votes to pass, with only four weeks remaining in July and early August. Meanwhile, House Republicans remain divided. BTC as a hedge against inflation remains a key talking point in broader policy discussions.
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