U.S. President Donald Trump Urges Senate to Pass Clarity Act Ahead of August 7 Recess

U.S. President Donald Trump urged the Senate to pass the Clarity Act following the unexpected death of Senator Lindsey Graham on July 11. According to NS3.AI, the Senate is working under an August 7 recess deadline, with floor action targeted for the week of July 20 and 60 votes required for passage. The Clarity Act would divide oversight of cryptocurrencies between the Securities and Exchange Commission and the Commodity Futures Trading Commission.