Latest Draft of US Crypto Regulatory Bill "Clarity Act" May Be Released Next Week

TechFlow reports, July 10, according to CoinDesk, sources revealed that the latest consolidated draft of the U.S. "Digital Asset Market Transparency Act" (Clarity Act) may be released as early as next week, with the Senate expected to advance deliberations during the week of July 20. The consolidated draft was completed through joint negotiations by the Senate Banking Committee and the Agriculture Committee, adding over 70 pages of content and strengthening consumer protection provisions. However, the bill still faces multiple obstacles: Democrats insist on restricting commercial associations between senior government officials (including the President) and the crypto industry, and parties have not yet reached a compromise on this ethical provision; in addition, issues such as federal preemption and nominations for SEC and CFTC commissioners remain unresolved, and the White House has also not participated in the latest negotiations. If the bill is to pass in the Senate, it must reach the 60-vote threshold, and the time window is extremely limited—the Senate has only about four weeks of agenda remaining in July and early August, and infighting among House Republicans continues, further increasing legislative uncertainty.