Treasury Secretary Bessent Urges Senate Crypto Vote on Clarity Act as GOP Holdouts Reach 5
Treasury Secretary Scott Bessent and Sen. Cynthia Lummis urged the Senate to vote on the CLARITY Act crypto bill before the August recess, while Senators Thom Tillis and Ruben Gallego delivered a revised ethics compromise to the White House.
At least 5 Republicans, including Sens. Bill Rounds and James Lankford, raised unresolved concerns over stablecoin yield provisions. JPMorgan analysts warned that declining passage odds would stall institutional adoption, with prediction markets now pricing just a 37% chance of the bill passing.
From the sources (25 posts)
@cointelegraph🇺🇸 TODAY: New York AG Letitia James warns the CLARITY Act could gut state crypto enforcement, urging Congress to add stronger consumer protections instead.
@laurashinRT @laurashin: Crypto is betting it can push the Clarity Act through the Senate before the Aug. 7 recess. @KristinSmith of the Solana Poli…
@kalshi_cryptoJUST IN: Franklin Templeton calls on US Senate to pass Clarity Act
@bitcoinmagazineJUST IN: 🇺🇸 Sen. Jon Husted on CLARITY ACT "If the U.S. is going to lead in digital assets, we need a framework that is clear, practical, and supports innovation and job creation here at home. That’s why I support the CLARITY Act and wi
@tftc21Coinbase CEO Brian Armstrong says the Clarity Act "is at the 1-yard line" amid talks with lawmakers to advance the bill.
@tftc21Bitcoin critic and actor Ben McKenzie urges Congress to block the Clarity Act. "You can not be against Trump's crypto corruption and then vote for a bill that enables that corruption to continue."
@laurashin"We want to make sure all the Republicans show up and absolutely as many Democrats as possible get the message that we have to get this done." — @KristinSmith 📢
@cryptoroverBREAKING: 🇺🇸 $1.8 trillion asset manager Franklin Templeton supports passage of the CLARITY Act.
@laurashin"Even today, I guess it was maybe late last night, we have had Donald Trump saying that the Senate should cancel the August recess so they can do the Save America Act. So they do have the option of changing the days." — @KristinSmith 🚨 htt
@laurashin"It will probably be a lot easier than engaging in litigation with the SEC or getting debanked by the banking regulators." — @KristinSmith ⚖️
@laurashin"There's a lot of money sitting on the sidelines that wants to enter this space, and some of that won't come to fruition if we don't get this bill done" Solana Policy Institute President Kristin Smith on what happens if the Clarity Act doe
@coinmarketcapLATEST: 🇺🇸 Franklin Templeton has come out in support of the CLARITY Act, saying the bill would give investors clear protections and tell firms which regulators they answer to.
@laurashin"Regardless, you're going to need somewhere between eight or more democrats on board. If you look back to Genius, there were 18 democrats that ultimately voted for that bill" Solana Policy Institute President Kristin Smith on the math for
@cointelegraph🇺🇸 BRIAN ARMSTRONG: “The Clarity Act is at the one-yard line and it reflects the work from both sides of the aisle spending thousands of hours along with their staff to get a true bipartisan compromise.”
@coinmarketcapLATEST: 🇺🇸 Senator Jon Husted has backed the CLARITY Act, saying he will work to pass it "as soon as possible."
@coinmarketcapLATEST: 🇺🇸 Senator Dave McCormick called on Senate leaders to bring the CLARITY Act to a floor vote, saying "the time for delay is over" and that every senator should go on the record with their vote.
@cryptoroverBREAKING: 🇺🇸 U.S. Senate puts CLARITY Act on hold to prioritize Russia sanctions bill. The vote is now unlikely before next week, leaving only the FINAL days before the Senate’s August 8 recess. STOP THESE DELAYS! 🤬
@stanikulechovClarity act would give banks statutory authority to use digital assets and distributed ledgers without prior notice or approval needed, ranging for custody, staking and lending. This is a big TAM expansion for crypto.
@coindeskUPDATE: The CLARITY Act has been pushed back further, the Senate is now prioritizing nominations and a Russia sanctions bill, leaving crypto legislation unlikely to see floor time before next week at the earliest.
@bitcoinnewsJUST IN: 🇺🇸 "This is about the future currency and the world, and making sure American markets are the premiere markets in the world," says Rep. Mike Haridopolos on the CLARITY Act.
@kalshi_cryptoJUST IN: US Senate unlikely to vote on Clarity Act before leaving for summer recess 42% chance it passes this year
@polymarketmoneyJUST IN: US Senate unlikely to vote on Crypto Clarity Act before leaving for summer recess in August.
@eleanorterrettHopes that Senate Majority Leader Thune will hold a cloture vote on the Clarity Act this week are fading. From a procedural standpoint, he would need to file cloture on the motion to proceed today to set up a Thursday vote under Senate ru
@tftc21Rep. Mike Haridopolos on the CLARITY Act: "This is about the future currency and the world, and making sure American markets are the premiere markets in the world."
@bitcoinmagazineJUST IN: 🇺🇸 Sen. Mike Haridopolos talks CLARITY ACT on FOX "The Clarity Act helps grow the American economy...CLARITY will allow us to make sure that we are the center of the action on digital assets, blockchain, and the internet in genera