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Republican Senators Plan to Unveil CLARITY Act Amendment on July 16, But Democrats Signal Opposition

Regulation & Policy

2026-07-20 00:01:58

According to Politico, Republican senators planned to unveil a revised CLARITY Act amendment on July 16 following their meeting with President Trump, though Democrats signaled they will not support it. The main point of contention is the ethics provision. Democrats argue that the amendment must include sufficient restrictions on conflicts of interest for senior government officials in digital asset ventures, but the provision presented by Republicans lacks adequate consumer protections and grants excessive discretion to the administration, according to Senator Ruben Gallego. For the CLARITY Act to advance in the Senate, Republicans will need bipartisan support, making Democratic opposition a significant obstacle to passage.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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