CLARITY Act Faces Crucial Deadline as Bipartisan Compromise Hinges on White House Approval

The fate of the CLARITY Act, a landmark crypto bill, remains uncertain as it approaches its Senate recess deadline. With only seven days left before the August recess, the bill still needs 60 votes to overcome a filibuster.

Reports suggest that Senators Thom Tillis and Ruben Gallego have finalized a bipartisan ethics compromise tied to the bill, but the agreement still requires White House sign-off. The development offers optimism after weeks of stalled talks, but doubts remain about whether the bill can clear the Senate in time.

The CLARITY Act's passage has been hindered by concerns over President Trump's personal crypto ventures and the ethics provisions that address them. Critics argue that without strong conflict-of-interest language, a new market-structure law could bless arrangements benefiting officials with financial stakes in digital assets.