
New Clarity Act Draft Expected Next Week Amid Continued Bipartisan Challenges
A new draft of the crypto Clarity Act, a key market structure bill, is anticipated as early as next week, though it still lacks bipartisan support.

A new draft of the crypto Clarity Act, a key market structure bill, is anticipated as early as next week, though it still lacks bipartisan support.

Optimism persists for the **CLARITY Act** to pass before the **midterms**, despite **Congress's summer break** tightening the legislative window.

Senator Kirsten Gillibrand has proposed a ban preventing members of Congress, the US president, and their spouses from issuing or sponsoring digital assets.

JPMorgan Chase has backed the U.S. crypto bill, the Clarity Act, urging Congress to pair regulatory clarity with robust safeguards to address digital asset risks.

House Democrats have formally questioned the SEC over trading platforms using AI agents for "consequential investment decisions" on behalf of retail investors.

Eco CEO Ryne Saxe argues that Congress should not hinder stablecoins, which he calls a clear advance in payment infrastructure, to protect community banks.

Crypto lobby groups are pushing Congress to pass a bill that would tax staking and mining rewards only when sold, aiming for crucial clarity.

A bipartisan group of US lawmakers has voiced strong opposition to any potential presidential pardon for former FTX CEO Sam Bankman-Fried.

The US House Ways and Means Committee is evaluating multiple draft bills aimed at simplifying cryptocurrency taxation for small transactions, mining, and staking activities.

House Republicans are preparing for a summer vote on new rules that would restrict lawmakers from participating in prediction markets and ban congressional stock trading.

A Republican representative plans to broaden a proposed ban on congressional stock trading to encompass prediction markets, aiming to curb potential conflicts of interest.

The acting head of the Office of the Comptroller of the Currency (OCC) staunchly denied claims of political influence during a recent congressional hearing.

A bipartisan group of US House Democrats has formally requested the Federal Trade Commission to launch a probe into prediction markets over concerns of deceptive practices.

A former Stripe engineer's political ambitions were thwarted by a candidate backed by Ripple's co-founder in a California congressional race.

The upcoming week brings significant events for the crypto sector, including the return of the U.S. Congress, crucial regulatory comment period closures, and the release of the latest jobs report.