Senate Negotiations Continue to Advance the Clarity Act Ahead of July 4 Recess

Pro-cryptocurrency senators and government officials are continuing behind-the-scenes negotiations to bring the Clarity Act to a full Senate vote after lawmakers return, with the July 4 recess about a week away. According to Foresight News, people familiar with the matter said a bipartisan group of senators from the Senate Banking Committee and the Agriculture Committee is expected to meet this morning to discuss unresolved issues. Later today, Acting Deputy Attorney General Todd Blanche is set to meet with law enforcement as the administration seeks support for a key but controversial provision in the Blockchain Regulatory Certainty Act. The provision would specify that certain non-custodial software developers are not responsible for how third parties use their code unless they knowingly and intentionally use the code to facilitate illegal activity.