President Donald Trump plans to meet senators at the White House today to discuss the Clarity Act. The meeting comes as lawmakers face a narrow window before the Senate leaves Washington for its August recess. Senators are still negotiating ethics language tied to senior government officials and cryptocurrency businesses. Republican leaders want a revised draft and a possible floor vote during the current work period. Democratic support remains necessary for the bill to clear the Senate’s procedural threshold.
White House Talks Focus on Remaining Disputes
Sen. Bernie Moreno said participating senators will brief Trump on the bill and its proposed path through Congress. Moreno has taken part in negotiations over the market structure legislation. He said the discussion will cover the full measure rather than one provision. Sen. Cynthia Lummis, one of the bill’s main architects, is also expected to attend.
The meeting places the White House directly inside the final stage of Senate negotiations. Trump has supported federal crypto legislation and has urged lawmakers to move the Clarity Act forward. Senators are expected to discuss the remaining policy disputes, the drafting schedule, and the votes needed for Senate action.
The White House had not publicly released a detailed agenda before the meeting. The bill would divide regulatory authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission. The measure sets disclosure rules for digital asset issuers and preserves federal anti-fraud powers.
Ethics Language Remains the Central Hurdle
The largest unresolved issue concerns an ethics provision covering government officials with financial ties to the cryptocurrency industry. Senate Democrats have demanded safeguards addressing Trump’s crypto-related business interests. Their votes are needed for the legislation to advance under Senate rules. Negotiators have spent months discussing how the language should apply and which officials should face restrictions.
Lummis said senators were considering two options for the next draft. Lawmakers could release the text with bracketed language showing that an ethics section will be added later. They could also delay publication until senators approve final ethics wording. That choice could determine whether the revised draft appears quickly or takes several more days. Republicans hold 53 Senate seats, so the 60-vote procedural requirement creates a need for support from several Democrats. That keeps ethics language central to the current talks.
Senate Leaders Target Vote Before Recess
Senate Majority Leader John Thune wants the chamber to consider the bill during the current work period. The Senate schedule runs through August 7 before lawmakers begin the summer recess. Thune said the chamber would vote on the measure at some point, even without a completed bipartisan agreement. A final timetable has not been announced.
Also, Sen. Thom Tillis said negotiators were trying to reach an agreement by the end of the week. He linked that target to the limited floor time available before the recess. Lawmakers expect election campaigning to make major legislation harder to pass later in the year. The Senate must also settle procedural questions before debate can begin.
However, despite the advanced Clarity Act talks, prediction markets show lower confidence in its passage. According to Polymarket data, the chance of the bill becoming law in 2026 has fallen to 38%. The market probability is down 27%, reflecting continued uncertainty around the Senate timeline.
Clarity Act Odds | Source: Polymarket
Revised Draft and House Hearing Await
The release of a revised Senate draft remains the next visible step. Lummis said publication timing depends partly on the ethics negotiations. The updated text would show whether senators have narrowed their differences and provide lawmakers and industry groups with the language expected for floor debate.
The House Financial Services Committee will hold a field hearing in New York on Friday, July 17. The session is titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation.” The hearing will examine the bill’s role in digital asset regulation. Ripple Chief Legal Officer Stuart Alderoty has urged lawmakers to support the measure.
