Talks over the CLARITY Act continued this week after the White House missed its July 4 signing target, leaving ethics provisions as the largest unresolved issue. According to Crypto In America, lawmakers and administration officials remain in discussions while Congress is in recess until July 13.
NOBLE Becomes First Major Law Enforcement Group to Endorse Blockchain Certainty Provision
The National Organization of Black Law Enforcement Executives (NOBLE) endorsed the CLARITY Act and became the first major law enforcement organization to support the Blockchain Regulatory Certainty Act provision. NOBLE stated the measure does not change existing federal criminal authorities used in investigations, including laws covering money laundering and unlicensed money transmission.
MCSA Withdraws Opposition, Industry Fears Language Changes
The Major County Sheriffs of America (MCSA) withdrew its earlier opposition and adopted a neutral position, saying recent discussions with administration officials created opportunities to strengthen the legislation while supporting state and local law enforcement. However, some industry participants expressed concern that negotiations could alter the Blockchain Regulatory Certainty Act language to secure broader law enforcement support.
Trump's Crypto Holdings Fuel Ethics Debate
President Donald Trump's financial disclosure reported more than $1 billion in crypto-related income during the past year, including over $600 million tied to the TRUMP memecoin. Senator Kirsten Gillibrand renewed her proposal to prohibit the president, members of Congress, and their spouses from issuing or sponsoring digital assets. BitGo CEO Mike Belshe responded that ethics rules should apply across all asset classes rather than focus only on cryptocurrencies.
Senators Press for Stronger Ethics Provisions
Senators Ruben Gallego and Angela Alsobrooks maintained their calls for stronger ethics provisions before supporting the legislation. Gallego said he would continue efforts targeting Trump's crypto business activities. Alsobrooks also said an ethics agreement remains necessary before further Senate action.
Possible Senate Vote as Early as Week of July 20
According to Crypto In America, negotiations will continue while Congress remains in recess. If lawmakers resolve the remaining issues, Senate leadership could bring the CLARITY Act to the floor during the week of July 20.