Senate
CLARITY Act Misses July 4 Deadline as Senate Passage Odds Hit 50-50
The Senate’s July 4 deadline for President Trump to sign the landmark CLARITY Act has effectively closed without floor action, leaving the bill’s passage odds hovering near 50-50 as the legislative window narrows sharply before the August recess. With the Senate not returning until July 13 and fewer than four weeks of floor time remaining...
Catholic Bishops Challenge CLARITY Act Over Trafficking Safeguards
Nearly 100 Catholic bishops have formally opposed the CLARITY Act, arguing that a key provision designed to protect cryptocurrency developers would weaken federal safeguards against human trafficking and financial crimes. The letter, sent Tuesday to Senate leadership by the Alliance to End Human Trafficking, marks a significant moral and institutional challenge to legislation that has...
Senate Passes CBDC Moratorium Through 2030, Protects Stablecoins
The U.S. Senate voted overwhelmingly on Monday to impose a moratorium on Federal Reserve digital currency issuance through 2030, reflecting deep bipartisan skepticism toward central bank digital currencies even as regulators tighten oversight of private stablecoins. The 85-5 passage of the measure, embedded within the 21st Century Road to Housing Act, marks the strongest congressional...