US Senate Republicans Drop New Crypto Clarity Act Draft

Senate Republicans published an updated draft of the Crypto Clarity Act on Wednesday, sparking fresh debate in Washington. Lawmakers have only fifteen days to pass the legislation before the Senate breaks for summer recess, while the White House continues to push for final approval so President Donald Trump can sign it into law.

The most notable change in the new draft is a strict ban preventing the president and federal officials from issuing or sponsoring digital assets. This addition comes as several high profile officials, including Trump with his World Liberty Financial and TRUMP tokens, have grown increasingly active in the crypto space.

The broader legislation aims to give the crypto industry clear rules by stopping conflicting oversight between the SEC and CFTC. The bill previously passed the House in July 2025 and cleared two Senate committees earlier this year, but prediction markets reacted quickly to the new draft as Polymarket odds for passing dropped to thirty nine percent.

Traders and investors should watch Capitol Hill closely over the next two weeks to see if lawmakers can reach a deal before the summer break. Clear rules would change how domestic blockchain projects operate, making this final countdown a major event for the entire market.