President Donald Trump has publicly known as on the U.S. Senate to go the Digital Asset Market Readability Act, probably the most consequential piece of crypto laws to achieve Congress in years.
The Senate returned to Washington on July 13 with roughly 4 weeks to schedule, debate, and go the invoice earlier than the August recess.
Trump weighs in
Trump posted immediately on Fact Social on Monday, framing the laws as a matter of worldwide monetary competitors:
He wrote:
“In honor of Senator Lindsey Graham, a giant supporter, the U.S. Senate ought to go the Readability Act. China, and plenty of different international locations, want to take full and complete management of this main monetary ‘taking place,’ in addition to A.I., the place we at the moment are main, however the place they’re combating arduous. Don’t let China win on both topic!!! President DONALD J. TRUMP”
White Home crypto adviser Patrick Witt amplified the message, noting the week coincides with the one-year anniversary of the GENIUS Act and cautioning:
“We can not afford to delay any longer.”
What the invoice does
The CLARITY Act would draw a agency regulatory line between the SEC and the CFTC.
It grants the commodities regulator unique jurisdiction over spot markets for “digital commodities,” whereas leaving the SEC to supervise investment-contract property.
Legislative path
The invoice cleared the Home in July 2025 by a bipartisan 294–134 vote.
It then superior out of the Senate Banking Committee in Might by a 15–9 margin, with two Democrats becoming a member of all Republicans.
To go the complete Senate, the invoice wants 60 votes.
This week’s milestone is up to date textual content merging the Senate Banking and Agriculture Committee variations, the clearest sign but of what survived negotiations and what stays unsettled.