Senate Advances sweeping crypto-regulation bill ahead of August recess

The Senate moved to advance the Clarity Act, a sweeping crypto-regulation bill that would define when digital tokens are securities or commodities and designate regulatory oversight, potentially setting up a full floor vote after August recess. The move signals bipartisan momentum for a major policy win for President Trump and the crypto industry, though Democrats seek additional constraints on crypto ventures by officials. The White House has been pushing for the bill, and the industry has spent heavily to support crypto-friendly legislation.