โ๏ธ CLARITY Act Misses Symbolic July 4 Deadline โ Senate Still Needs 60 Votes to Move Forward
The White House had targeted July 4 โ America's 250th birthday โ as a symbolic date to sign the CLARITY Act into law, but the Senate still can't clear the 60-vote cloture threshold. The bill would give the CFTC exclusive jurisdiction over Bitcoin and Ethereum spot markets, with the SEC keeping investment contract assets and banking regulators covering stablecoins. Polymarket traders give it 59% odds of passing in 2026, but analysts warn that if the Senate doesn't act before August recess, the odds drop sharply. Will crypto finally get a clear legal framework this summer? Not financial advice.
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