Crypto Clarity Act Nears Deadline as Senate Faces August Recess Clock

The Crypto Clarity Act is nearing its deadline as the U.S. Senate faces limited time to pass the legislation before lawmakers leave for the August recess.

According to journalist Eleanor Terrett, the White House has shared revised ethics language with several Senate Republicans following negotiations with Democrats.

The proposed changes include stricter conflict-of-interest rules, additional disclosure requirements, stronger investor protections, and making the Department of Justice (DOJ) the primary enforcement agency instead of state attorneys general.

U.S. Treasury Secretary Scott Bessent said the Crypto Clarity Act is at the 'one-yard line,' indicating negotiations are nearing completion.