U.S. Senator Cynthia Lummis said she will keep working over the coming days to secure a bipartisan agreement on the revised CLARITY Act and push it toward becoming law. In a public statement, Lummis thanked her Democratic colleagues for what she described as important contributions to the latest draft. She also said consumer protection and support for innovation are not mutually exclusive, adding that the proposal shows both goals can be pursued at the same time. The remarks came after Senate Republicans released an updated version of the CLARITY Act following a briefing call with industry participants. According to the previously reported draft language, the bill would bar the president, vice president, members of Congress, federal judges, and their spouses from receiving compensation through the issuance or sponsorship of digital assets while in office. Those provisions would remain in effect through Jan. 20, 2029. The draft also says covered officials would need to sell crypto assets and investments in crypto companies, or place them into a blind trust beyond their control. Sales of crypto assets above $1,000 would be subject to disclosure.

Fed Chair Jerome Powell confirmed a DOJ criminal investigation into his 2025 congressional testimony, linked to a $2.5B renovation cost overrun. Powell calls it political pressure; lawmakers warn against undermining Fed independence.

A White House official said negotiations over a crypto clarity bill are moving in a positive direction, according to a post cited by The Bitcoin Historian (@pete_rizzo_). The official said Democrats typically avoid showing their hand early in the process, but often reach an agreement at a critical moment. The same official added that the bill is now "very close" to passing and that support from both parties continues to grow. The update points to ongoing bipartisan momentum around the measure, though no additional legislative timetable or vote details were disclosed in the source text.

The US Senate struck a bipartisan funding deal to keep most federal agencies running through September, but the Department of Homeland Security received only a two-week extension, with a technical weekend shutdown still likely.

U.S. lawmaker Patrick McHenry said the proposed CLARITY Act could become a foundational piece of legislation for digital asset markets, comparing its potential significance to the 1996 Telecoms Act. In an article published by a16z crypto, McHenry argued that the bill represents a rare chance for forward-looking financial reform rather than another response to past crises. He said the measure has broad bipartisan backing and is moving through coordination across multiple congressional committees. McHenry also pushed back on the view that existing securities laws are sufficient for the crypto sector. According to him, companies and founders are not seeking to avoid oversight; they want clearer rules so they know where the boundaries are. He said the bill would provide regulatory certainty for the digital asset industry, strengthen consumer and investor protections, and give law enforcement agencies tools to target crime and bad actors. He also pointed to bipartisan support for other crypto bills, including the stablecoin measure known as the GENIUS Act, as lawmakers increasingly accept that digital assets are not going away.

Crypto markets saw a dense mix of policy, market structure, and on-chain developments over the past 24 hours. Michael Saylor and Blockstream co-founder Adam Back publicly pushed back against Bitcoin proposal BIP 110, arguing that the measure would undermine Bitcoin’s decentralization and neutrality. At the same time, Forbes released a list of 10 cryptocurrencies it considers worth investing in, including BTC, ETH, BNB, XRP, SOL, TRX, HYPE, RAIN, LEO, and ZEC, using utility, store-of-value characteristics, seven-day performance, and 24-hour trading volume as screening criteria. On the regulatory side, Coinbase chief policy officer Faryar Shirzad said the CLARITY Act would place digital asset platforms under stronger oversight rather than weaken national security, responding to criticism from Senator Elizabeth Warren. Separately, The Hill reported that U.S. Senate leaders are targeting the week of July 20 for floor consideration of the bill, though bipartisan disagreements remain. Market data also remained in focus. CryptoQuant analyst Axel Adler said short-term Bitcoin holders still show stronger buy-side pressure than sell-side pressure, even as both cool slightly, while recent ETF inflows are still too small to confirm a reversal in institutional demand. Coinglass data showed $76.96 million in liquidations over the past 24 hours, with short liquidations outpacing longs. Other notable developments included new claims in the Qian Zhimin 60,000 BTC case, renewed accusations from ZachXBT over LAB token selling, and a rare full Bitcoin block mined by a single-chip Bitaxe ASIC machine.

The Clarity Act, a bill aimed at creating a regulatory framework for the digital asset industry, is entering a critical legislative window, according to The Hill. Bipartisan negotiations in the U.S. have yet to produce agreement on key issues, including ethics rules for government officials and illegal finance. If lawmakers fail to move the bill before the August recess, the calendar ahead of the midterm elections offers little room for further action, raising the risk that the legislative effort could effectively reset. Republican leadership is currently targeting the week of July 20 to push the measure forward, but passage would still require support from at least seven Democratic senators. The timing now matters as much as the substance: without cross-party backing in the coming weeks, the bill may lose momentum before lawmakers leave Washington for the recess.

A new US bill seeking clear crypto regulations gains wide support, aiming to position America as the global leader in digital assets, aligning with Trump's vision. Lawmakers, industry leaders, and regulators welcome the move.