The Senate returns to Washington on July 13, with the clock ticking down on the most important crypto legislation in years. Lawmakers now have about four weeks to plan, debate, and win CLARITY Act before the August break.
President Trump made a direct attempt on Monday, writing on Truth Social that “in honor of Senator Lindsey Graham, the main supporter, the US Senate must pass the Clarity Act” and warned that China and other countries “want complete control and complete control of these huge funds” that are happening, “and AI.”
White House crypto advisor Patrick Witt added to the urgency, awareness This critical week coincides with the one-year anniversary of the GENIUS Act and warns, “We can’t delay any longer.”
It has a window many process managers see it as the last chance to enact legislation affecting the digital goods market in this Congress.
The CLARITY Act would establish a formal boundary between the SEC and the CFTC, giving the regulator full control over online markets for “digital assets” while leaving the SEC to oversee commodity futures contracts.
It cleared the House in July 2025 by a vote of 294-134 as well advance of the Senate Banking Committee in May by a margin of 15-9, with two Democrats joining all Republicans.
Those committee votes, however, came with caveats that grassroots support was not guaranteed.
The most important thing this week is the release of the revised statement of the Senate Banking and Agriculture Committee, a clear sign of what is left and what is not.
Clarity Act issues remain
The bill missed the July 4 signing ceremony that White House adviser Patrick Witt had sought, and as meetings passed through the recess, the most pressing issue remained unresolved, according to Crypto in America. Getting to 60 votes will be harder than getting there, and with the Republican convention shrinking, Democratic buy-in more than ever.
Chief among them is the Blockchain Regulatory Certainty Act, folded into the CLARITY Act as Section 604, which would protect private software developers from being treated as money transmitters.
Legal teams to argue the language, as written, would prevent organized crime investigations, and democratic support could depend on reform.
Representation of Ethics
The most serious fight is about morals. The negotiators did not reach the CLARITY Act to deal with the White House on the guardrails on the conflicts of interest tied to President Trump’s crypto was still going, after Disclosure showed that he earned more than $1 billion from crypto-related businesses last year.
Members of the household challenged the Senate taking action to address those concerns, and a a partnership of more than 200 companies He asked the leaders to bring the bill to the floor. The coalition said the bill would establish a clear framework for the digital economy and help advance innovation in the US.
Mathematical confusion, the death of Senator Lindsey Graham (R-SC) and the absence of Mitch McConnell (R-KY) leave Republicans with no room for error in reaching 60 votes.
Opinions are divided. Solana Policy Institute President Kristin Smith says the threat is growing and a floor vote before the recess is reached. Call for CFTC leadership bill “very close.”
Others care: Galaxy Digital cut its shares to 50-50citing a shrinking calendar and competing initiatives like the NDAA. The company said the legislation still faces procedural challenges, unresolved proposals and developer protection disputes, and a lengthy Senate agenda that could delay consideration until September. Galaxy said the crisis could be resolved if Senate leaders commit to a July vote. Odds were as high as 70% earlier this year.
The next four weeks may be the last chance for CLARITY in the 119th Congress.
