{"id":47527,"date":"2026-07-10T20:23:50","date_gmt":"2026-07-10T20:23:50","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=47527"},"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:\/\/cryptomag.finance\/?p=47527","title":{"rendered":"U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns"},"content":{"rendered":"

Bitcoin Magazine<\/a>
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\nU.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

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JUST IN: \"\ud83c\uddfa\ud83c\uddf8\" Congressman French Hill says lawmakers are going to have a field hearing for the Clarity Act in New York next week \"\ud83d\udc40\"<\/p>\n

“We\u2019ve got to get this market framework in place to be combined with the GENIUS Act” \"\ud83d\ude80\" pic.twitter.com\/F1b9QpSdQT<\/a><\/p>\n

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

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JUST IN: \"\ud83c\uddfa\ud83c\uddf8\" Coinbase Vice Chair says Clarity Act has bipartisan support \"\ud83d\udc40\"<\/p>\n

“Democratic and Republican senators are working around the clock to get this across the finish line.” \"\ud83d\ude80\" pic.twitter.com\/OvKPU3SHuC<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 10, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\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":1,"featured_media":47528,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-47527","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nU.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=47527\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns Rep. 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