DOJ Rejects Law Enforcement Claims That CLARITY Act Weakens Crypto Probes

The DOJ spokesperson said the legislation would not limit federal prosecutors or investigators. Law enforcement access to relevant information would remain unchanged under the proposal, the spokesperson said. The bill would not restrict the department's ability to investigate or prosecute criminal conduct involving digital assets, including drug trafficking, human smuggling, and terrorism financing.

Senator Cynthia Lummis said negotiators plan to publish updated CLARITY Act text on July 4 after months of discussions involving lawmakers, industry participants, and banking representatives. The release will allow one final round of feedback before Senate leaders pursue floor action later in July, she said.

Lummis said negotiations have been underway since last Labor Day and have required thousands of hours of work on both the CLARITY Act and the GENIUS Act. Lawmakers have spent considerable time addressing concerns raised during the drafting process, including objections from parts of the banking sector.

The CLARITY Act Senate Vote Expected in July After Final Text Released timeline puts the bill on track for a floor vote this summer.

Debate over federal digital asset policy continues elsewhere in Washington. President Donald Trump recently postponed signing the 21st Century ROAD to Housing Act, despite the measure passing Congress with 358 votes in the House and 85 votes in the Senate. The bill contains language prohibiting the Federal Reserve from creating or issuing a central bank digital currency through 2030.

Trump said he would wait for Congress to advance the SAVE AMERICA Act. Treasury Secretary Scott Bessent has separately stated that a U.S. CBDC is "off the table" under the current administration and has encouraged lawmakers to continue advancing digital asset legislation, including the CLARITY Act.