White House, Senators Reach CLARITY Act Ethics Deal
The Digital Asset Market Clarity Act would establish a federal framework for crypto trading and divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, addressing years of uncertainty over whether tokens are securities or commodities. The House passed H.R. 3633 by 294-134 on July 17, 2025. In the Senate, where 60 votes are needed to overcome a filibuster, conflict-of-interest restrictions became central to securing Democratic support amid scrutiny of President Donald Trump’s memecoin and his family’s World Liberty Financial business.
After talks with the White House, Senate Republicans released revised language on July 22, 2026, barring the president, vice president, members of Congress, federal judges, other covered officials and their spouses from issuing or sponsoring digital assets for compensation while in office. The Justice Department would enforce the rule, which expires at noon on January 20, 2029, and does not prohibit crypto investment. Bitcoin climbed above $66,000 on July 21 to a seven-week high as the agreement raised expectations the bill could advance before the August recess.
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The history behind this eventBitcoin Tops $65,000 as Senate Delays CLARITY Act
The CLARITY Act is a closely watched U.S. legislative effort to define the market structure and regulatory treatment of digital assets. Its progress in the Senate matters to crypto investors because clearer rules could shape how tokens, trading platforms and other market participants operate in the United States. Still, policy developments are only one part of the outlook, alongside spot Bitcoin ETF flows and movements in the U.S. dollar.
The U.S. Senate failed to pass the CLARITY Act before its recess, pushing consideration to September. Bitcoin nevertheless climbed above $65,000 and traded past $65,200, helping lift the broader cryptocurrency market. Analysts said investors had largely priced in the legislative delay, limiting its impact on risk appetite. Continued inflows into spot Bitcoin ETFs and a weaker dollar provided stronger near-term support for the rally.
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