The CLARITY bill could not be signed into law by 4 July, despite the expectations of White House consultant Patrick Witt. However, the bill was not put on hold. According to those closely following the negotiations, the bill could still be a law before Congress took leave.
The main date to be followed is 7 August, the last working day of the Senate before the legislators left Washington and were fully engaged in the mid-term elections.
Senate negotiations are continuing.
Despite the limited meeting time of the National Assembly during the summer, negotiations are still under way.
According to sources, members of the Senate are working to consolidate the different versions of the CARITY bill adopted by the Senate Banking Commission and the Agriculture Commission. Once this work is completed, legislators will need only a few days to debate the bill, hold an intersessional vote and hold a final vote.
If the bill is passed through the Senate, it will return to the House of Representatives and then be submitted to President Trump.
Trump's encrypted wealth triggered a new debate.
The 2025 financial disclosure issued by Trump raised political concerns.
This disclosure quickly rekindled calls for stricter ethical rules. Senator Elizabeth Warren stated that the CLARITY bill should prevent senior government officials and their families from benefiting from it when regulating the encryption industry. Senator Ruben Gallego also reiterated his hope that there would be enforceable ethical provisions before supporting the bill.
The delay in the House has increased the pressure.
The Senate is not the only concern.
Recent reports indicate that the Chamber of Deputies has encountered difficulties in moving forward on several important bills, which raises questions about its ability to quickly approve the CLARITY bill upon its return to the Senate. At the same time, Republicans in the House of Representatives were frustrated with other stalled legislation. Representative James Comer recently urged the Senate majority leader, John Tunn, to stop delaying the SAVE America bill, warning that delays in the bill could miss the deadline, leaving the electoral rules for the current election cycle unchanged.
“We passed the SAVE America Bill in the House of Representatives, but it was put on hold in the Senate. Time is not waiting. It needs to be adopted in the coming weeks in order to come into effect in the November elections.” James Comer said.