The CLARITY Act is at a critical phase as it awaits a make-or-break decision before the Senate returns on July 13. Negotiations are ongoing to reconcile competing committee drafts and resolve disagreements over ethics, illicit finance, and state authority.
Senate Majority Leader John Thune's priority is the National Defense Authorization Act (NDAA), which may delay a CLARITY vote until late July or early August. Lawmakers have been working behind closed doors with congressional staff, administration officials, and industry representatives to finalize the legislation.
The bill faces opposition from law enforcement organizations over the Blockchain Regulatory Certainty Act (BRCA) provision, which critics argue could hinder investigations into blockchain-based financial crimes.