U.S. Senator: Clarity Act Is 'Almost There,' Treasury Secretary Puts It At The '1-Yard Line'

The US Senate is nearing a deal on the Clarity Act, a crypto market-structure bill that would split digital asset oversight between the SEC and CFTC, with the central remaining dispute over enforcement authority—Department of Justice versus state attorneys general. The bill faces a tight timeline before the August congressional recess, with Treasury Secretary Bessent and senior senators pushing for passage.

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.