Several Republican Senators are Meeting with Trump (R) at the White House on 7/16/2026, to Discuss the Progress of the Clarity Act, a Major Cryptocurrency Regulation Bill. Sen. Bernie Moreno (R-OH) said the Meeting will Focus on the Bill’s Status and Strategy for getting it Passed, noting that Trump has been closely Involved.
The Biggest Sticking Point in Negotiations, is an Ethics Provision addressing Trump’s Financial Ties to the Cryptocurrency Industry.
Senate Democrats have made this Provision a Key Condition for their Support, which is needed to Pass the Bill.
Lawmakers are aiming to Pass the Legislation before Congress begins its August Recess, after which Midterm Election Politics are Expected to make Major Legislation more Difficult. Senate Majority Leader John Thune (R-SD) hopes to bring theBbill to a Vote before 8/7/2026, even if Negotiations with Democrats are Not Fully Resolved.
A Revised Draft of the Bill, has Not yet been Released. Sen. Cynthia Lummis (R-WI) said Senators are still Deciding whether to include the Ethics Language now or leave it as a Placeholder, while Negotiations Continue.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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