Odaily Planet Daily News: Cynthia Lummis, Chair of the U.S. Senate Digital Assets Working Group, said the Senate will vote on the CLARITY Act before lawmakers begin their August recess. The bill is intended to divide federal crypto regulatory responsibilities and includes matters such as ethics, law enforcement, consumer protection, and market certainty. Lummis said negotiations over the bill have lasted for 11 months, and the changes proposed by Democrats exceed 300 pages. The current negotiations still involve relevant sections related to the Commodity Futures Trading Commission (CFTC), enforcement provisions, and ethics rules for senior federal officials. On August 5, Democratic staff from the Senate Banking Committee listed five unresolved areas, including securities protections, illegal financing, national security, and conflicts of interest involving the president. Donald Trump has received a bipartisan counterproposal that would allow state attorneys general to enforce federal crypto ethics rules. The CLARITY Act would have the CFTC and the U.S. Securities and Exchange Commission (SEC) oversee regulation in a分工 model, and would establish different paths for qualifying digital commodities and securities. Both CFTC Chair Michael S. Selig and SEC Chair Paul Atkins support moving forward with clearer regulatory legislation for digital assets.