Wire · regulatory
Crypto Industry Pushes for Senate Vote on New CLARITY Act Text as Democrats Blast Ethics Plan
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Fusion42 · 22 July 2026 · Fusion42 review
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, and 34 sources have reported it between 21 Jul 2026 and 4 Sep 2026.
◆ ◆ The Wire takeaway
If you're a crypto exchange or token issuer, the bill that clears your regulatory path is now a floor vote away - but it lives or dies on whether Democrats accept DOJ enforcement power over government officials' crypto holdings. That fight closes before August recess; if it passes, you have federal rules instead of state-by-state chaos.
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34 sources · first reported 21 Jul 2026 · latest 4 Sep 2026
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