Goldman Sachs backed the CLARITY Act but a cop coalition and two Democratic holdouts ...

The CLARITY Act, backed by Goldman Sachs, faces narrow passage odds in the Senate: it needs seven Democratic votes but only two committee Democrats have publicly committed, and law enforcement groups are opposing the bill's developer safe harbour provisions. The August 7 recess deadline creates hard leverage on negotiations around ethics language and Section 604 liability exemptions for non-custodial software developers.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.