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<ul>
 <li>Updated CLARITY Act text will merge committee versions while lawmakers negotiate unresolved crypto policy provisions.</li>
 <li>Ethics rules and non-custodial developer protections remain unresolved ahead of the expected Senate floor vote.</li>
 <li>Supporters target passage before August recess, but limited Senate time keeps the bill's prospects uncertain.</li>
</ul>
<p>The U.S. Senate <a href="https://www.cryptoinamerica.com/p/the-final-countdown-for-clarity" rel="noopener noreferrer nofollow">returned</a> this week with about four weeks before the August recess to decide the Clarity Act's future. According to journalist Eleanor Terrett, updated legislative text is expected as negotiations continue on unresolved provisions. White House Crypto Council Executive Director Patrick Witt, President Donald Trump, and lawmakers remain central to the effort as supporters seek enough votes before lawmakers leave Washington.</p>
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<h2 class="wp-block-heading" id="strong-updated-bill-text-draws-close-attention-strong"><strong>Updated Bill Text Draws Close Attention</strong></h2>
<p>According to Eleanor Terrett, Witt described this as a "critical week" for the <a href="https://cryptofrontnews.com/coinbase-exec-faryar-shirzad-defends-clarity-act-as-senate-debate-grows/" rel="noopener noreferrer nofollow">Clarity Act</a> while marking one year since the GENIUS Act became law. He said lawmakers had already invested significant time into the legislation. He also urged Congress not to delay the process any longer.</p>
<p>Attention now shifts to updated bill text expected this week. The revision combines versions approved by the Senate Banking Committee and Senate Agriculture Committee. Industry participants want to see which negotiated provisions remain and which issues still require changes before a Senate vote.</p>
<p>Even with the revised draft approaching, several negotiations remain unfinished. One unresolved issue involves the Blockchain Regulatory Certainty Act. The proposal would clarify that non-custodial software developers should not qualify as money transmitters simply for publishing code.</p>
<p>However, it remains unclear whether senators will keep the Banking Committee's language. Lawmakers could instead revise it following concerns raised by law enforcement groups.</p>
<h2 class="wp-block-heading" id="strong-ethics-talks-continue-before-senate-vote-strong"><strong>Ethics Talks Continue Before Senate Vote</strong></h2>
<p>Negotiators also continue discussing ethics provisions tied to government officials' crypto interests. According to Crypto In America, sources said the White House and lawmakers have not reached an agreement.</p>
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<p>Several Democrats and <a href="https://cryptofrontnews.com/clarity-act-senators-thom-tillis-and-angela-alsobrooks-finalize-stablecoin-yield-compromise/" rel="noopener noreferrer nofollow">Senator Thom Tillis</a> continue seeking additional safeguards after President Trump's financial disclosure reported more than $1 billion in crypto-related income last year. At the same time, the recent death of Senator Lindsey Graham and Mitch McConnell's continued absence reduced Republicans' margin for error.</p>
<h2 class="wp-block-heading" id="strong-supporters-and-skeptics-watch-deadline-strong"><strong>Supporters And Skeptics Watch Deadline</strong></h2>
<p>President Trump separately urged the Senate to pass the Clarity Act in honor of Senator Lindsey Graham. He also argued that China and other countries continue competing in financial technology and artificial intelligence.</p>
<p>Meanwhile, industry views remain divided. Solana Policy Institute President Kristin Smith told Crypto In America she believes negotiations continue moving toward a floor vote before the August recess.&nbsp;</p>
<p>However, Galaxy Digital Head of Research <a href="https://cryptofrontnews.com/galaxys-alex-thorn-flags-questions-over-coinbase-tokenized-stocks/" rel="noopener noreferrer nofollow">Alex Thorn</a> maintained a more cautious position. He recently lowered his estimated passage odds to 50%, citing limited legislative time and Senate attention shifting toward the National Defense Authorization Act.</p>
<p>The post <a href="https://cryptofrontnews.com/clarity-act-faces-four-week-senate-test-ahead-before-august-recess/" rel="noopener noreferrer nofollow">CLARITY Act Faces Four-Week Senate Test Ahead Before August Recess</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

CLARITY Act Faces Four-Week Senate Test Ahead Before August Recess

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