CLARITY Act Unlikely to Reach Senate Floor Vote This Week Amid Ethics Talks

The CLARITY Act has a very low chance of reaching a full Senate vote this week, as the updated text has not yet been released and negotiations over ethics provisions continue. According to Foresight News, senators have only 14 working days left before the August recess. U.S. President Donald Trump held a closed-door meeting at the White House last Thursday with Republican Senators Cynthia Lummis and Bernie Moreno, along with several officials. However, the White House has not clearly said which ethics restrictions it supports, preventing Republicans from releasing an updated draft. Democrats said they have been excluded from the ethics talks in recent weeks, and some Democratic votes will depend on whether the bill addresses law enforcement concerns about illegal financial activity. The prevailing view in the industry is that negotiators must complete preparations for a procedural vote by this weekend, or the bill will miss the final window before the August recess.