{"id":195988,"date":"2026-07-10T20:23:50","date_gmt":"2026-07-10T20:23:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=195988"},"modified":"2026-07-10T20:23:50","modified_gmt":"2026-07-10T20:23:50","slug":"u-s-representatives-urge-senate-to-vote-on-clarity-act-in-july-address-ethics-concerns","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=195988","title":{"rendered":"U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns<\/a><\/p>\n

<\/div>\n

Rep. French Hill wants a deadline.\u00a0<\/p>\n

One year after the House passed<\/a> the Digital Asset Market CLARITY Act, the Arkansas Republican who chairs the House Financial Services Committee used a Fox Business interview<\/a> with anchor Maria Bartiromo to press Senate leaders for a floor vote before the August recess.<\/p>\n

\u201cI\u2019ve encouraged Senate leadership to put it on the floor,\u201d Hill said. \u201cI think if you schedule a floor date here in the month of July, that will cause these final meetings, these final discussions to take place. You\u2019ve got to have a deadline in Congress to get people to move and find consensus.\u201d\u00a0<\/p>\n

Hill thanked Senators Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott for working toward a deal, and pointed to the 78 Democrats who backed the House measure a year ago.<\/p>\n

Hill\u2019s central argument is that the CLARITY Act would resolve the ethics concerns now used to block it, rather than deepen them.\u00a0<\/p>\n

Critics point to President Trump\u2019s crypto ventures, including $TRUMP meme coin licensing and World Liberty Financial token sales, which a July 1 financial disclosure<\/a> tied to about $1.4 billion in 2025 income.\u00a0<\/p>\n

Hill contends a market framework offers the transparency those critics want.\u00a0<\/p>\n

\u201cIf we passed the CLARITY Act last summer, many of the things that people are expressing concern about \u2014 meme coin issuance, co-investment, use of exchange, investing in exchanges \u2014 all that would be under a market framework of regulation with clarity, no pun intended, and that would provide a lot of transparency to people that are concerned about the Trump family\u2019s investments,\u201d he said.<\/p>\n

\n

JUST IN: Congressman French Hill says lawmakers are going to have a field hearing for the Clarity Act in New York next week <\/p>\n

“We\u2019ve got to get this market framework in place to be combined with the GENIUS Act” pic.twitter.com\/F1b9QpSdQT<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 10, 2026<\/a>\n<\/p><\/div>\n

Clarity Act pairs with the GENIUS Act<\/h2>\n

Hill framed the bill as the missing half of a system that pairs it with the GENIUS Act, the stablecoin law enacted last year.\u00a0<\/p>\n

\u201cStablecoin is like a cell phone not connected to a cell phone network,\u201d he said, \u201cand the market framework is in fact that network that we need.\u201d To keep the pressure on, Hill plans a field hearing in New York next week, led by digital assets subcommittee chair Rep. Bryan Steil, to make the case for a market structure.<\/p>\n

His push drew support from two other voices in the same Bartiromo appearance. CFTC Chairman Michael Selig warned of \u201cmission creep beyond what\u2019s really critical here\u201d and cautioned that a stalled bill leaves the rules to regulators.\u00a0<\/p>\n

Coinbase Vice Chair Ryan VanGrack, a former SEC official, described the measure as \u201con the one-yard line,\u201d with senators from both parties \u201cworking around the clock to get this across the finish line.\u201d<\/p>\n

\n

JUST IN: Coinbase Vice Chair says Clarity Act has bipartisan support <\/p>\n

“Democratic and Republican senators are working around the clock to get this across the finish line.” pic.twitter.com\/OvKPU3SHuC<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 10, 2026<\/a>\n<\/p><\/div>\n

The Senate returns July 13 with about three weeks before recess. Prediction market Polymarket prices Clarity Act 2026 passage near 39%, a fall from the prior month\u2019s 74%.<\/p>\n

This post U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns Rep. French Hill wants a deadline.\u00a0 One year after the House passed the Digital Asset Market CLARITY Act, the Arkansas Republican who chairs the House Financial Services Committee used a Fox Business interview with anchor Maria Bartiromo to press […]<\/p>\n","protected":false},"author":0,"featured_media":195989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-195988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/195988"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=195988"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/195988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/195989"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=195988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=195988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=195988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}