CLARITY Act's July 4 signing target grows tougher amid unresolved ethics, enforcement provisions and procedural hurdles. Senate has only 9 working days left, though bipartisan support and White House backing sustain momentum.
Three major U.S. gaming associations urge the Senate to ban sports betting contracts in pending crypto legislation, challenging CFTC authority as states and regulators clash over oversight.
On June 9, 2026, the House Ways and Means Committee released six standalone draft bills on digital asset taxation, covering charity deductions, mining/staking gains, simplified reporting, and more. Democrats raised concerns over deferred taxation for miners. Bipartisan gap remains wide; CLARITY Act targets July 4 milestone.
Republican Senator Cynthia Lummis and Democratic Senator Rubén Gallego jointly introduced a resolution opposing any presidential pardon or clemency for FTX founder Sam Bankman-Fried, calling his 25-year sentence just. The non-binding resolution reflects rare bipartisan unity. SBF filed for clemency on June 8; the White House has reiterated no intent to pardon.
Bipartisan negotiations on the Senate CLARITY Act collapsed hours before Thursday's Banking Committee markup, with disputes over First Family ethics rules, BRCA language, stablecoin rewards, and DeFi liability amendments unresolved.
Fed Chair Jerome Powell claims DOJ investigation is retaliation for refusing Trump's rate cuts, warning of a dangerous precedent that could end central bank independence.
The US House is weighing crypto tax bills covering small transaction exemptions and the timing of taxes on mining and staking rewards, but skepticism in both parties suggests a long road ahead.
A bipartisan US House discussion draft, the Digital Asset PARITY Act, aims to align digital asset tax treatment with traditional securities, including a $200 stablecoin transaction exemption and a 5-year tax deferral for miners and stakers. Bitcoin advocates criticize the bill for not treating BTC equally.
