Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
TRUMP CLARITY bill faces a 60-vote test in the Senate, and its prospects are unclear before its August recess.
The CLARITY bill is currently in a three-week Senate review window, but has not yet been scheduled for a full vote, and multiple disputes still lead to a gap between the required 60-vote threshold.
H.R. Bill 3633 places secondary trading in digital commodities under the supervision of the Commodity Futures Trading Commission, while retaining the Securities and Exchange Commission's jurisdiction over securities, initial token offerings and related information disclosures.
The Senate Banking Committee approved the bill on May 14 by a 15 - 9 vote, with Democratic Senators Ruben Gallego and Angela Assobrooks voting in favor of it with all 13 Republicans. The two Democrats have not yet made a clear commitment to support it in the full vote because negotiations around ethics, illegal finance and stablecoin terms are still ongoing.
Republicans have 53 seats in the Senate. If Democrats initiate a filibuster and all Republicans support closing the debate, the bill will still be short of at least 7 votes. The Senate plans to begin its summer recess after August 7.
The bill has missed the July 4 target set by the White House, further shortening the remaining voting window before lawmakers leave Washington.
Trump's cryptocurrency revenue reignites ethical controversy
President Donald Trump's latest financial disclosure shows that more than US$1.4 billion of his 2025 revenue comes from crypto-venture investments, including World Liberty Financial and authorized income related to TRUMP meminoin.
The disclosure renewed Democratic demands for restrictions that should cover cryptocurrency holdings, token sales and business interests related to senior government officials and their families. During the Banking Committee's deliberations, an ethics amendment failed to pass, resulting in conflicts of interest issues remaining unresolved before entering the full house voting stage.
stablecoin rewards remain another obstacle. Section 404 would prohibit the payment of returns similar to interest on bank time deposits on idle stablecoin balances, while retaining rewards related to payments, transactions and other customer activities.
Banks want to restrict third-party rewards more strictly because they could draw deposits away from insured lenders. Cryptocurrency companies oppose a broader ban, arguing it would prevent exchanges and payment platforms from competing through stablecoin incentives.
Developer protection still under negotiation
Section 604, the Blockchain Regulatory Definiteness Act, would prevent non-controlling software developers and infrastructure providers from being considered money transmitters simply for publishing code, providing self-hosting tools, or maintaining blockchain infrastructure. This protection applies when developers are unable to independently control or execute transactions involving user assets. It does not cover behavior that knows that funds are derived from criminal activity or are intended to support illegal activity.
Proponents believe that this clause protects open source development, verification nodes and unmanaged services. Opponents seek to set narrower boundaries around decentralized financial interfaces, sanctions compliance and software that can facilitate financial transactions.
Senator Cynthia Loomis continues to push for a full vote on the bill before the Senate recess on August 7. The Senate is scheduled to resume on September 14.
