Senate

Former New York Gov. Andrew Cuomo urged Congress to pass the CLARITY Act, arguing that clearer federal rules are needed for crypto firms and traditional financial institutions. He warned that leaving policy to regulators could create shifting standards as political control changes in Washington.

Senate leadership has opened the first stage of floor action on the Digital Asset Market Clarity Act, keeping the crypto market structure bill alive for a possible September vote. The measure still faces unresolved disputes over ethics rules, illicit-finance provisions and stablecoin rewards before it can clear the Senate’s 60-vote hurdle.

A newly surfaced group is blanketing Washington with warnings about crypto risks while lawmakers try to complete the Digital Asset Market Clarity Act. The campaign is drawing attention not only for its sharp messaging, but also because the group is not disclosing who is funding it.

Strategy is publicly monitoring Bitcoin’s 200-week moving average and the cryptocurrency’s premium or discount to that level. The focus comes as Bitcoin trades near the historically important long-term trend line, with market participants watching whether support holds.

The U.S. Senate is delaying floor action on the Digital Asset Market Clarity Act while leadership prioritizes federal nominations and a Russia sanctions bill. The schedule leaves crypto market structure legislation facing a narrowing path before the chamber’s summer recess and a likely September window for renewed momentum.

The Digital Asset Market Clarity Act is facing a deepening Senate fight over ethics limits aimed at senior government officials and President Donald Trump’s crypto interests. Democrats say the proposed restrictions are too weak, while the White House and Republican supporters argue the concessions are historic and should clear the way for passage.

Senate leadership signaled that the Digital Asset Market Clarity Act is unlikely to clear its key pre recess window, weakening the odds of passage in 2026. White House crypto adviser Patrick Witt pushed back, saying the first week of August may still offer room for Senate action.

A circulating Senate draft of the Digital Asset Market Clarity Act includes a disputed crypto conflict-of-interest provision that would sunset in 2029. The bill remains under intense negotiation as lawmakers race to move a sweeping digital asset market structure package before the summer recess.

Kalshi has launched a U.S. Midterms Hub designed to show live market expectations for Senate and House races ahead of November’s elections. The move comes as the prediction market platform seeks regulatory approval to expand perpetual contracts beyond crypto into gold, silver and platinum.

A revised version of the Digital Asset Market Clarity Act may be released as soon as next week as Senate negotiators try to keep crypto market structure legislation alive. The effort still faces unresolved fights over ethics rules, agency authority and the Democratic votes needed to clear the Senate.

XRP buyers defended the $1.11 area after a volatile drop, but the rebound has yet to generate a confirmed breakout above $1.14-$1.15. ETF inflows remain supportive, while delayed regulatory progress leaves traders focused on technical confirmation.

XRP pushed through the closely watched $1.14 area on heavy volume before sellers capped the advance near $1.158. The move has shifted attention to whether former resistance between $1.1400 and $1.145 can now hold as support while traders monitor the next resistance levels.

Jefferies says the Clarity Act remains on a difficult path in the Senate despite recent progress. The bank warns that delays could extend regulatory uncertainty even as passage may support institutional crypto adoption.

The White House is expected to meet with law enforcement representatives as it works to advance the Senate’s crypto market structure bill. The talks come amid disputes over the Clarity Act’s protections for developers and its anti-crime provisions.

President Donald Trump has cancelled a planned signing event for Congress’ bipartisan housing bill, delaying a four-year ban on a Federal Reserve CBDC. The move also raises fresh uncertainty for the crypto industry’s push to secure passage of the Clarity Act in the Senate.

The U.S. Senate has passed a bipartisan housing affordability bill that includes a temporary ban on a central bank digital currency. The measure is expected to move quickly through the House and could become law soon.