U.S. Senate push for Clarity Act draws backing from majority whip, faces Democratic and bank-sector resistance
Aug 07 2026 04:02 UTC - Yoonseo Lee
Calls are growing in the U.S. Senate to take up the Clarity Act, which would set a regulatory framework for digital assets, but a vote is becoming less certain ahead of a five-week recess. Senate Majority Whip John Barrasso urged passage, citing last year’s GENIUS Act. Democrats and banking lobby groups have raised objections, including ethics provisions and stablecoin yield payments, while the White House reviews amendments.
➤ The U.S. Senate is facing increasing pressure to pass the Clarity Act, a bill aimed at establishing a regulatory framework for digital assets.
➤ Despite bipartisan support from some Republicans, including Majority Whip John Barrasso, the bill faces resistance from Democrats and banking lobby groups over issues like ethics provisions and stablecoin yield payments.
➤ The upcoming five-week Senate recess creates uncertainty about whether a vote will occur, with final passage depending on last-minute negotiations amidst White House review and industry conflicts.
Read more at: https://rwatimes.io/articles/digitaltoday-u-s-senate-push-for-clarity-act-draws-backing-from-majority-whip-faces-democratic-and-bank-sector-resistance-3355327750?utm_source=binance
Aug 07 2026 04:02 UTC - Yoonseo Lee
Calls are growing in the U.S. Senate to take up the Clarity Act, which would set a regulatory framework for digital assets, but a vote is becoming less certain ahead of a five-week recess. Senate Majority Whip John Barrasso urged passage, citing last year’s GENIUS Act. Democrats and banking lobby groups have raised objections, including ethics provisions and stablecoin yield payments, while the White House reviews amendments.
➤ The U.S. Senate is facing increasing pressure to pass the Clarity Act, a bill aimed at establishing a regulatory framework for digital assets.
➤ Despite bipartisan support from some Republicans, including Majority Whip John Barrasso, the bill faces resistance from Democrats and banking lobby groups over issues like ethics provisions and stablecoin yield payments.
➤ The upcoming five-week Senate recess creates uncertainty about whether a vote will occur, with final passage depending on last-minute negotiations amidst White House review and industry conflicts.
Read more at: https://rwatimes.io/articles/digitaltoday-u-s-senate-push-for-clarity-act-draws-backing-from-majority-whip-faces-democratic-and-bank-sector-resistance-3355327750?utm_source=binance