Clarity Act Fails to Sign on July 4, Ethics Dispute Clouds Senate Vote Before August 7 Recess

According to CoinDesk, the Clarity Act failed to be signed into law on July 4, though supporters remain optimistic for passage this year. Ethics provisions remain the primary obstacle; Trump's 2025 financial disclosures showing approximately $1.4 billion in cryptocurrency gains have bolstered Democratic demands for restrictions on government officials' crypto profits. Senators Gallego and Alsobrooks have stated they will not support the bill until such limits are finalized. August 7, when the Senate enters recess, represents the critical deadline for floor action.
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