U.S. Congress Could Release Updated CLARITY Act Draft Next Week, CoinDesk Says

The U.S. Congress could release an updated version of the CLARITY Act, a market structure bill for digital assets, as soon as next week, with CoinDesk reporting that the new draft may be unveiled early next week and discussed in the Senate later this month.

“Newest version of crypto Clarity Act may drop as soon as next week, sources say After a long stretch without breakthroughs in the crypto market structure bill, insiders say a new draft may emerge in a final push for late-July action — though it still lacks bipartisan buy-in”

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The updated text is set to include provisions agreed to by the Senate Banking Committee and the Senate Agriculture Committee, but unresolved issues remain, including ethics concerns raised by Senate Democrats.

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A separate CoinDesk report says the merged Senate draft could arrive as soon as next week, while unresolved disputes over ethics rules, federal preemption, and agency vacancies still threaten the bill’s path.

The process is described as tight, with Senate backers aiming for possible floor action as soon as the week of July 20, after the Senate returns on July 13.

The bill is meant to create a federal framework for digital asset markets, including how authority is divided between the Securities and Exchange Commission and the Commodity Futures Trading Commission, and it would still need enough Senate votes before reaching President Donald Trump’s desk.

CoinDesk reports that the biggest unresolved fight is an ethics provision sought by Democrats, which would restrict senior government officials, including the president, from maintaining business ties with the crypto sector.

The same CoinDesk reporting says the bill will need 60 votes to clear the Senate, and that support is not locked in because several lawmakers have said they cannot support a final bill without a compromise on those limits.

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The CoinDesk account also ties the bill’s momentum to staffing at the SEC and CFTC, saying the White House pressed Senate leaders over Democratic nominees for minority seats at the commissions while Democratic senators criticized the process for filling vacancies at independent agencies.

In a timeline framing, TradingView says the CLARITY Act passed the House in late 2025 and cleared the Senate Banking Committee on May 14, 2026, but it still needs enough Senate votes before reaching President Donald Trump’s desk.

TradingView adds that the biggest hurdle remains an ethics bill introduced by Senator Chris Van Hollen, with Democratic lawmakers seeking stricter rules to stop government officials from personally profiting through crypto investments while in office.

Beyond ethics, CoinDesk says the latest merged draft is expected to revisit federal preemption and also resolve staffing at the SEC and CFTC, while the DeFi industry watches the Blockchain Regulatory Certainty Act provision.

CoinDesk reports that Senator Ron Wyden’s support for the Blockchain Regulatory Certainty Act gave advocates a small sign of momentum this week, and it describes the provision as protecting developers from being treated as money transmitters when they do not control customer assets.

TradingView says Section 604, also known as the Blockchain Regulatory Certainty Act (BRCA), protects non-custodial software developers from being treated as money transmitters, and it adds that Senator Ron Wyden urged Senate leaders to keep the provision.

TradingView also reports that Senator Elizabeth Warren continues opposing the bill, warning that parts of the current draft could create loopholes for sanctions evasion and illicit finance, and it says these disagreements leave the bill facing a huge hurdle in getting 60 Senate votes.

After Congress missed its July 4 goal, TradingView quotes CFTC Chair Michael Selig saying, “We’re so close,” and adds that Polymarket chances of the CLARITY Act passing in 2026 have dropped to around 49%.