All articles tagged with #clarity act
XRP jumped 52% in four days from a $0.99 cycle low to $1.50, adding about $32 billion to its market cap; four catalysts—a drop in bond yields, Trump's CLARITY Act push, whale accumulation, and a short squeeze—drove the rally. The token faces support around $1.29 into the September 15 cloture vote, but a failed vote or rising yields could pull it back toward $1.20.
Trump pressed lawmakers to pass a fair version of the Clarity Act during a White House meeting with crypto executives, while the CFTC warned it will use existing powers to establish a crypto regime if Congress stalls. The SEC meanwhile proposed Regulation Crypto Assets to ease fundraising with a temporary safe harbor. At the CFTC’s Innovation Advisory Committee meeting, officials and industry leaders discussed ethics, bipartisan hurdles, and how to move toward a comprehensive US crypto framework, as private talks with major players underscored the push to bring crypto regulation onshore.
Coinbase CEO Brian Armstrong told Fox Business that Bitcoin is very likely to reach about 300,000 to 400,000 by 2030, citing a White House meeting with top regulators and momentum on the Clarity Act to differentiate digital assets as securities, commodities, or stablecoins. Trump urged lawmakers to pass the act, while some banks endorsed it, and Bitcoin’s price rose after the remarks. Meanwhile, the broader push for crypto legislation underscores a shift toward clearer U.S. policy on digital assets.
Bitcoin jumped over 5% to about $72,384, its highest since June, with a two-day gain near 12% as Treasury yields fell and a short squeeze boosted crypto trading; Coinbase and Circle rose roughly 7% as crypto executives pressed Congress to pass a fair Clarity Act before year-end, a move seen as a key catalyst for regulation and the market’s exit from the crypto winter, though partisan divides over ethics rules threaten timing and a Senate vote; Bitcoin remains about 40% below its October 2025 high of around $126,000.
Crypto interests have poured money into Washington to push the Clarity Act, a sweeping digital-assets regulation bill, but banks are mounting a fierce lobbying push to add amendments—especially around stablecoin rewards—that they say could drain deposits from banks. The clash could force Senate Republicans to choose between crypto allies and hometown lenders, with a potential bipartisan deal needed to move the bill after the August recess.
Democrats brace for a push by SEC Chair Paul Atkins and CFTC Chair Michael Selig to advance a slate of crypto-focused rules after the Clarity Act stalled in Congress, starting with an SEC meeting that could propose a tailored regime for certain crypto assets and an innovation exemption. Regulators argue the moves are needed to keep the U.S. as a crypto hub, but they face left-leaning backlash over industry coziness, potential court challenges if legislation isn’t enacted, and scrutiny from lawmakers wary of overreach. The effort is paired with broader market-structure changes (e.g., 24/7 trading, transfer-agent rules) and could be shaped by who controls Congress and the presidency in coming years.
The U.S. Senate moved to advance the Clarity Act, a sweeping bill to create a federal regulatory framework for cryptocurrencies, defining when tokens are securities or commodities and who oversees them. If it clears procedural hurdles, it could head to a full floor vote after the August recess but would require 60 votes (at least eight Democrats plus all Republicans). The move is a major win for Trump and the crypto industry, amid Democratic opposition on some provisions, with the White House backing the bill and industry groups spending heavily to support pro-crypto candidates.
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.
Even with more than $225 million spent by the crypto industry to influence Washington since Jan 2025, the Senate has stalled on the Clarity Act, a first-of-its-kind digital assets framework, with no vote scheduled as lawmakers negotiate; the House has passed its version, while Republicans and Democrats clash over bank customer protections, enforcement by Gary Gensler, and ethics rules around Trump’s crypto holdings—a lobbying push that has made crypto donors one of the top funding sources in the 2026 cycle.
The Senate postponed the Clarity Act, a sweeping cryptocurrency-regulation bill, until September after its August recess, dampening momentum as lawmakers work to resolve ethics provisions and other unresolved issues; Democrats seek safeguards to curb potential conflicts involving the president’s crypto ties, while banks press for changes and Republicans warn of dwindling momentum with a tight post-recess window before the midterms.
A bipartisan ethics counteroffer to a major crypto bill would force President Trump and other federal officials to divest any ownership in digital-asset firms if the stake exceeds $1 million and accounts for 10% or more of the firm’s value, with applicability to firms that earn most of their revenue from crypto issuance or sponsorship. The plan, transmitted to the White House by Senators Tillis and Gallego, would empower state attorneys general to pursue enforcement and challenge crypto listings that violate the ethics rules. Divestment requirements would take effect one year after enactment, with six months to comply, and could interact with tax provisions. The language is still under negotiation as lawmakers push a bipartisan deal to address concerns about Trump family crypto interests alongside other policy issues.
Bipartisan talks on the Clarity Act intensify ahead of the August recess as staffers race to resolve remaining issues on a crypto market structure bill; Senate Majority Leader Thune did not file cloture today, leaving only a few hours to reach a consensus before a possible weekend floor vote.
Bitwise CIO Matt Hougan says the SEC is prepared to issue crypto rules if the CLARITY Act misses its deadline, arguing that a failure would not stop crypto progress and that ongoing institutional adoption and current regulatory momentum could accelerate policy in the near term.
The push to pass the Clarity Act regulating crypto markets is faltering as Senate floor time winds down ahead of the August recess, with leaders suggesting passage won’t occur this session despite earlier optimism.
Bernstein says a failure to pass the Clarity Act would accelerate crypto rulemaking by the SEC and CFTC under Project Crypto, with lawmakers negotiating amid a tight Senate window; while a passage failure could spark a market dip, regulators would continue pushing for clearer token classifications, DeFi rules and self-custody guidance.