Update: Consolidated CLARITY Act draft released; Sen. Lummis says ethics and illicit finance sections still in talks

AI Market Summary
Release of the merged CLARITY Act text signals progress on a US crypto market-structure framework, but Senator Lummis’ note that ethics and illicit-finance provisions remain under negotiation keeps near-term regulatory uncertainty elevated. With the floor vote timeline unclear ahead of the Aug. 7 recess, markets may treat this as incremental headline risk rather than a definitive catalyst, affecting broad crypto risk appetite and compliance expectations.
Impact level
● Medium
Affected assets
BTC/USDT-0.98%
AI Insight · BTC/USDTAI Insight
● Neutral
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The consolidated text of the CLARITY Act has been released. Sen. Cynthia Lummis said negotiations on ethics provisions and illicit finance language will continue through the weekend. The timing of a Senate floor vote remains uncertain ahead of the August 7 recess.