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CLARITY Act Faces Final Negotiations Before July 4 Deadline

GateNews
Regulation & Policy
According to @BSCNews, the CLARITY Act is entering its most critical phase on June 17 as lawmakers race to finalize outstanding disagreements before the White House's July 4 target date and the Senate recess. The bill, which passed the House in 2025 and advanced through the Senate Banking Committee in May 2026 with a 15-9 vote, aims to establish clear regulatory boundaries between the SEC and CFTC. Under the proposal, most digital commodity and spot-market oversight would fall to the CFTC, while the SEC retains authority over investment contract securities. Senators Cynthia Lummis and Tim Scott have expressed confidence in reaching a bipartisan agreement, though final negotiations focus on ethics language, jurisdictional boundaries, and implementation mechanics.
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