Senate Set to Vote on Clarity Act Next Week Amid Debate Over Developer Protections and Ethics Rules

According to The Block, the Senate is expected to vote on the Clarity Act next week after Congress returns from its Fourth of July break. Legislative counsel are finalizing the combined bill text from Senate Banking and Agriculture committees, with potential release as soon as next week.

The Senate has until the end of July to advance the bill before lawmakers begin their August recess ahead of midterm elections. Key stalling points include a contested provision creating safe harbor for non-custodial developers—backed by the crypto industry as essential legal clarity but opposed by law enforcement groups—and Democrat-demanded ethics restrictions preventing federal officials, including the President, from profiting from digital assets while in office.