Crypto Industry Pushes for Senate Vote on New CLARITY Act Text as Democrats Blast Ethics Plan

Senate Republicans released a 616-page merged draft of the CLARITY Act splitting digital asset oversight between SEC and CFTC, with a floor vote expected before August recess. The bill includes developer protections and customer asset rules, but Democrats are blocking passage over ethics enforcement provisions that give DOJ civil authority to sue exchanges listing prohibited tokens issued by government officials.

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.