{"id":915066,"date":"2026-06-24T10:12:54","date_gmt":"2026-06-24T15:12:54","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/24\/clarity-act-news-odds-crash-to-48-as-senate-talks-break-down-and-opposition-widens\/"},"modified":"2026-06-24T10:12:54","modified_gmt":"2026-06-24T15:12:54","slug":"clarity-act-news-odds-crash-to-48-as-senate-talks-break-down-and-opposition-widens","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/24\/clarity-act-news-odds-crash-to-48-as-senate-talks-break-down-and-opposition-widens\/","title":{"rendered":"CLARITY Act News: Odds Crash to 48% as Senate Talks Break Down and Opposition Widens"},"content":{"rendered":"<div role=\"main\" id=\"content\">\n<article id=\"the-post\" data-post-url=\"https:\/\/coinpedia.org\/news\/clarity-act-news-odds-crash-to-48-as-senate-talks-break-down-and-opposition-widens\/\" data-post-title=\"CLARITY Act News: Odds Crash to 48% as Senate Talks Break Down and Opposition Widens\" data-post-edit=\"https:\/\/coinpedia.org\/wp-admin\/post.php?post=571473&#038;action=edit\">\n<div>\n<figure><img onerror=\"this.onerror=null;this.removeAttribute('srcset');this.removeAttribute('sizes');this.removeAttribute('srcset');this.removeAttribute('data-sizes');this.src='https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/05\/31122324\/crypto-news.webp';\" width=\"1200\" height=\"628\" alt=\"A cracked CLARITY Act street sign in front of a fractured US Capitol building.\" data-main-img=\"1\" decoding=\"async\" fetchpriority=\"high\"  ><\/figure>\n<\/div>\n<div>\n<p>The future of U.S. crypto regulation has entered a critical phase, and the highly anticipated CLARITY Act is now facing fresh roadblocks just as lawmakers race against the clock. In this update, we dive into the latest<a href=\"https:\/\/coinpedia.org\/news\/clarity-act-update-congress-schedules-the-hearing-on-the-bill-for-july-17\/\"> CLARITY Act News<\/a> and what it means for the industry.<\/p>\n<p>According to journalist Eleanor Terrett,<a href=\"https:\/\/x.com\/EleanorTerrett\/status\/2069565822532526446?s=20\" rel=\"nofollow\"> a coalition of four law <\/a>enforcement organizations has sent a letter to administration officials raising serious concerns about parts of the legislation, particularly Section 604, also known as the Blockchain Regulatory Certainty Act (BRCA).<\/p>\n<h2 id=\"h-law-enforcement-raises-red-flags\"><strong>Law Enforcement Raises Red Flags<\/strong><\/h2>\n<p>The groups argue that Section 604 could create gaps in oversight and accountability, making it harder for authorities to investigate and prosecute crypto-related crimes. They also claim the bill does not go far enough in applying safeguards commonly required of traditional financial institutions and could exempt certain crypto participants from Know Your Customer (KYC) and Anti-Money Laundering (AML) reporting obligations.<\/p>\n<p>According to Senator Cynthia Lummis \u201cThe Clarity Act is clear: writing code is not money transmission. That distinction will matter for a generation of builders.\u201d\u00a0<\/p>\n<div>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=coinpedia.org\" target=\"_blank\" rel=\"noopener nofollow\"><img src=\"https:\/\/image.coinpedia.org\/static\/common\/trusted-google-coinpedia.webp\" alt=\"Add Coinpedia as a trusted source in Google News\" loading=\"lazy\" decoding=\"async\" data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%200%200'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/image.coinpedia.org\/static\/common\/trusted-google-coinpedia.webp\"><\/a><\/p>\n<\/div>\n<p>Lummis said the CLARITY Act makes clear that writing software code should not be treated as money transmission, arguing that the distinction could provide long-term regulatory certainty for crypto developers and blockchain builders.<\/p>\n<p>However, these concerns come after weeks of negotiations involving Congress, the White House, law enforcement agencies, and crypto industry representatives.\u00a0<\/p>\n<p>Notably, the National Fraternal Order of Police and the National Association of Police Organizations, both deeply involved in discussions, did not sign the latest letter.<\/p>\n<h2 id=\"h-senate-talks-stall-clarity-act-faces-tougher-path\"><strong>Senate Talks Stall, CLARITY Act Faces Tougher Path<\/strong><\/h2>\n<ul>\n<li>Senate negotiations broke down over ethics rules and Section 604.<\/li>\n<li>A private meeting involving Senators Kirsten Gillibrand, Ruben Gallego, Bernie Moreno, and Cynthia Lummis ended without a deal.<\/li>\n<li>Republicans and White House officials withdrew a proposal that would let state attorneys general challenge ethics enforcement tied to President Trump\u2019s crypto interests.<\/li>\n<li>Democrats rejected an alternative plan that would give enforcement power only to the U.S. Attorney General.<\/li>\n<li>Law enforcement groups continue to oppose Section 604, creating another obstacle.<\/li>\n<li>So it\u2019s gone beyond law enforcement as now Catholic organizations have <a href=\"https:\/\/x.com\/BrendanPedersen\/status\/2069466146370199894?s=20\" rel=\"nofollow\">formally <\/a>urged Senate leaders to review H.R. 3633, the Digital Asset Market Clarity Act.<\/li>\n<li>Their main concern is that provisions in Section 604 could create regulatory gaps that weaken protections against illicit finance.<\/li>\n<\/ul>\n<h2 id=\"h-what-s-next\"><strong>What\u2019s next?<\/strong><\/h2>\n<ul>\n<li>According to crypto analyst <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/2069506778560110726?s=20\" rel=\"nofollow\">Micha\u00ebl van de Poppe<\/a>, July 17 is the next key date for the CLARITY Act.\u00a0<\/li>\n<li>The CLARITY Act needs 60 votes to pass the Senate.<\/li>\n<li>Republicans will likely need support from at least seven Democrats.<\/li>\n<li>Some Democrats who previously backed the bill say they still have unresolved concerns.<\/li>\n<li>Confidence is slipping, with Polymarket odds of passage falling to 48%, down from 74% a month ago.<\/li>\n<\/ul>\n<\/div>\n<section>\n<div>\n<h3>Was this writing helpful?<\/h3>\n<ul data-post-id=\"571473\">\n<li> <\/li>\n<li> <\/li>\n<\/ul>\n<\/div>\n<p>Story Ends Here<\/p>\n<div>\n<h3>Trust with CoinPedia:<\/h3>\n<p>CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto &#038; blockchain, right from startups to industry majors.<\/p>\n<h3>Investment Disclaimer:<\/h3>\n<p>All opinions and insights shared represent the author&#8217;s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.<\/p>\n<h3>Sponsored and Advertisements:<\/h3>\n<p>Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.<\/p>\n<\/div>\n<p>Read the Next News<\/p>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/coinpedia.org\/news\/clarity-act-news-odds-crash-to-48-as-senate-talks-break-down-and-opposition-widens\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Debashree Patra<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The future of U.S. crypto regulation has entered a critical phase, and the highly anticipated CLARITY Act is now facing fresh roadblocks just as lawmakers race against the clock. In this update, we dive into the latest CLARITY Act News and what it means for the industry. According to journalist Eleanor Terrett, a coalition of<\/p>\n","protected":false},"author":1,"featured_media":915067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39056,2199],"tags":[],"class_list":["post-915066","post","type-post","status-publish","format-standard","has-post-thumbnail","category-clarity","category-crash"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/915066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=915066"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/915066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/915067"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=915066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=915066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=915066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}