President Donald Trump convened Targeted White House Meeting Thursday with key cryptocurrency stakeholders. Attendees included Sen. Bernie Moreno, Sen. Cynthia Lummis, Chair of the Senate Digital Belongings and Banking Subcommittee, White Home Cryptocurrency Advisor Patrick Witt, Susie Wiles, and Kristin Smith, Director of the Solana Coverage Institute. This assembly had one objective. It’s to resolve a battle of curiosity deadlock that’s stopping the Digital Asset Market Readability Act from being voted on by the complete Senate earlier than the August recess.
There is a motive everyone seems to be taking note of at present’s White Home assembly.
The CLARITY technique just isn’t about choosing winners between Bitcoin, Ethereum, and XRP.
It’s about making a authorized framework that may decide how digital asset markets will function in the USA for years to return.
Clear… pic.twitter.com/diZ26U7cZe
— Alec (@alecweb3) July 17, 2026
This isn’t only a scheduling concern. This can be a structural battle between Mr. Trump’s private financial entanglements and inside the USA. Cryptocurrency laws Senate Democrats argue that it is a minimal vote requirement, with out which Republicans wouldn’t be capable of move the 60-vote threshold for closing.
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CLARITY Act Information: Ethics Code and why seven Democratic votes are a ceiling, not a ground.
A minimum of seven votes from Democrats are wanted to close down the Senate, however that calculation is locked in on an unresolved concern: enforceable battle of curiosity guidelines overlaying the president, vice chairman and members of Congress.
In monetary filings earlier this month, President Trump disclosed greater than $1 billion in crypto-related income, about $594 million from World Liberty Monetary, a cryptocurrency firm he launched together with his sons in 2024, and $635 million from the sale of meme cash.
A bunch of Senate Democrats, together with Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin and Ron Wyden, mentioned after the filings that the revelations had heightened issues that the president was pushing Congress to move crypto laws in help of the very trade he advantages from.
The Senate Banking Committee had already did not move an modification barring authorities officers from sustaining enterprise relationships with the cryptocurrency trade after elevating rates of interest in Could, with Republicans blocking it on procedural grounds.
Kristin Smith of the Solana Institute for Coverage Research, who attended Thursday’s assembly, mentioned the assembly was aimed toward proposing concepts on moral points, and it was essential to move the invoice. Sen. Moreno informed Politico that the dialogue will cowl the “entirety” of the invoice, together with updates on President Trump and the invoice’s “pathway to success.”
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Senate Timeline: Three Weeks of Work and a Crowded Ground Calendar
The Senate returned from its Fourth of July recess on July 13, leaving about three weeks of labor earlier than the August recess begins round August 10. Sen. Lummis informed FOX Enterprise Wednesday that he expects the CLARITY Act to be voted on the Senate ground someday subsequent week, calling this window essential and saying, “We plan to introduce it within the subsequent few days.”
The invoice has been on the Senate Legislative Calendar at No. 423 since June 1, and might be topic to a ground vote at any time when Majority Chief John Thune schedules a ground vote. It could should be reconciled with the Senate Agriculture Committee textual content, built-in with the Home-passed model, and move the 60-vote threshold, whereas competing with affirmation hearings and the Nationwide Protection Authorization Act (NDAA).
The Home Monetary Companies Committee will start pre-settlement groundwork on July 17 with an on-site listening to entitled “Constructing the Way forward for Finance: How the CLARITY Act Will Unleash Innovation.”
Supply: Polymarket
The chances of passing are shrinking together with the calendar. As of Thursday morning, Polymarket merchants had the next predictions in regards to the odds of passage of the Readability Act this 12 months: 31%down from a peak of 82% in mid-February.
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