The U.S. CLARITY Act enters a critical two-week period as the Senate recesses until July 13

The U.S. CLARITY Act enters a critical two-week period as the Senate recesses until July 13 Chaincatcher Release Time: Share XRP $1.0502 0.46% BTC $59,973.60 0.66% ETH $1,591.86 1.15% Summary The U.S. CLARITY Act enters a critical phase as the Senate adjourns until July 13, with CFT concerns, liquidity, and crypto markets under intense scrutiny. Behind-the-scenes negotiations aim to reconcile differences between the Banking and Agriculture Committees. Ethics and anti-illegal finance provisions remain unresolved. With 60 votes required, Democratic support may depend on White House backing for a robust CFT framework. Law enforcement groups oppose the Blockchain Regulatory Certainty Act, citing risks to on-chain crime investigations. The farm bill language still includes state preemption and conflict-of-interest rules. No final agreement has been reached, and passage before the August recess remains uncertain. ChainCatcher report, according to Crypto in America, the U.S. Senate will recess until July 13. The progress of the CLARITY Act depends on behind-the-scenes coordination over the next two weeks, as staff from both parties, government officials, and industry stakeholders are working to resolve outstanding differences—including reconciling discrepancies between the Banking and Agriculture Committee texts, and reaching consensus on ethics standards and anti-illicit finance provisions. The bill requires at least 60 Senate votes to pass; even with full Republican support (53 votes), at least seven Democratic senators would need to join. Majority Democratic support may hinge on whether the White House agrees to establish a robust ethical framework regarding Trump’s cryptocurrency activities. According to Reuters, since Trump’s return to the White House, his crypto ventures have generated over $2 billion in new wealth for him. Additionally, major law enforcement groups continue to oppose the inclusion of provisions from the Blockchain Regulatory Certainty Act, arguing that it would complicate investigations and prosecutions of on-chain crimes. Other unresolved issues in the Agriculture Committee’s text include federal preemption of state laws, management of exchange conflicts of interest, and restrictions on related-party transactions. Sources indicate no final agreement has been reached, and it remains uncertain whether a Senate vote can be completed before the August recess.