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Lawmakers may release new Clarity Act draft in late-July push

Lawmakers may release new Clarity Act draft in late-July push

A revised U.S. crypto market structure bill could emerge in the week of July 13 before the Aug. 7 recess, as Senate talks, SEC rulemaking plans and industry optimism converge around a narrow legislative window.

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Fact Check
The claim is a faithful, near-verbatim summary of the CoinDesk official X post dated 2026-07-09 (https://x.com/CoinDesk/status/2075303869144301835), which states lawmakers may drop a new version of the Clarity Act as soon as next week, according to people following the effort. As a report of what sources told CoinDesk, the claim accurately reflects the primary source. The broader legislative context is strongly corroborated by additional CoinDesk reporting showing the Clarity Act underwent multiple draft iterations in 2026 (Senate Banking Committee's May 2026 unveiling, Senate versions in January 2026). The only residual uncertainty is inherent to the claim's own hedged, forward-looking nature ('may release'), which the source itself frames as a possibility rather than a certainty.
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Summary

A new draft of the Clarity Act could be released in the week of July 13 as Senate supporters race to use what may be their last viable window before the Aug. 7 recess to advance U.S. crypto market structure legislation. The revised text is expected to merge work from the Senate Banking and Agriculture committees, add more than 70 pages of new material, place greater emphasis on consumer protections and divide oversight authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission. The House passed its version in 2025 with bipartisan support, but the Senate effort would need 60 votes and still faces uncertainty over Democratic backing. The biggest unresolved dispute is an ethics provision sought by Democrats that would bar senior government officials, including the president, from maintaining business ties with the crypto sector, alongside debates over stablecoin yield, decentralized finance, federal preemption, staffing at the SEC and CFTC, and protections for developers who do not control customer assets. At the same time, CryptoSlate reported that the SEC may begin crypto rulemaking before the Senate votes on CLARITY, with issuers, broker-dealers and trading venues placed on separate notice of proposed rulemaking tracks. Coinbase Vice Chair Ryan VanGrack said the Clarity Act is “on the one-yard line” and that legislative and regulatory changes are creating scaffolding that could “turbo charge Coinbase and the industry more broadly,” underscoring industry expectations even as the bill's path remains unsettled.

Terms & Concepts
  • Clarity Act: A proposed U.S. crypto market structure bill aimed at creating a federal framework for digital asset markets.
  • federal preemption: A legal principle that determines when federal rules override or limit state authority.
  • NPRM: Notice of proposed rulemaking, the formal process regulators use to publish and seek comment on proposed rules.