Back to Markets
Crypto▲ Bullish
CLARITY Act Faces July Senate Vote Window as House Sets Hearings
House Financial Services schedules July 14 Fed hearing and July 17 CLARITY Act session. Lummis targets Senate floor vote before August recess as bill needs 60 votes.
Continue with
The Digital Asset Market Clarity Act enters a compressed vote window with the House Financial Services Committee scheduling two July hearings on Fed policy and crypto market-structure rules. Senator Cynthia Lummis is pushing for a Senate floor vote before the August recess, a timeline she framed as a forcing function for the legislation.
The committee will hold a July 14 hearing on the Federal Reserve's semi-annual Monetary Policy Report, the session where new Fed Chair Kevin Warsh delivers his first congressional testimony. A second hearing is set for July 17 in New York, focused on how the CLARITY Act could shape digital-asset and financial innovation.
The back-to-back hearings give supporters a high-profile platform to argue the bill's economic stakes. For Lummis, the window to pass comprehensive crypto rules this year is narrow.
"The U.S. did not invent the internet and then hand it to someone else to govern," Lummis said. "We are not doing that with digital assets either."