The Trump administration commits to advancing crypto legislation next month, requiring 60 Senate votes to proceed amid unresolved disputes.
The White House reaffirmed its commitment to passing the CLARITY Act in September, despite the Senate delaying action until after its August recess. The bill aims to create a federal framework for digital assets, clarifying regulations for crypto tokens and trading platforms.
A mid-September cloture vote will require 60 Senate votes to advance the legislation. Key sticking points include Democratic demands for stricter ethics rules targeting Trump-linked crypto interests and banking group requests for changes to stablecoin reward policies.
Negotiations with Democrats will continue until the vote, though the administration warned it cannot wait indefinitely. The outcome remains uncertain as lawmakers seek consensus on unresolved provisions.