Trump’s CLARITY Act Update Stalled Amid Continued Negotiations

Trump’s Meeting Fails to Advance CLARITY Act

President Donald Trump was unable to advance the stalled CLARITY Act following a recent meeting with Senate Republicans. No revised text of the legislation was released, resulting in Polymarket traders cutting the odds of its passage in 2026 to 32%.

Meeting Outcomes and Legislative Delays

Trump’s discussion with Senate Republicans centered on the ethics rules related to the CLARITY Act. According to journalist Eleanor Terrett, the anticipated updated bill was not made available after the meeting, which took place on Thursday at the White House. Industry insiders expect the text may be released next week, perpetuating the delay surrounding this critical piece of crypto legislation.

Ethics Provisions Under Scrutiny

Republicans have expressed optimism that the updated draft might emerge soon, but bipartisan support remains uncertain. Senator Bernie Moreno indicated that lawmakers would release the plan once the president received a briefing. However, key Democratic leaders, including Senator Ruben Gallego, have voiced concerns over the ethics language proposed by Republicans, emphasizing that without greater ethical standards the bill is unlikely to secure the necessary Democratic votes.

Future of the CLARITY Act

The House Financial Services Committee is set to hold a field hearing at 10 a.m. ET in New York to examine the CLARITY Act’s potential to foster innovation in digital assets. Although this hearing is informational and won’t directly affect the Senate’s review, it continues to highlight the importance of the legislation.

As negotiations continue, the path forward for the CLARITY Act is unclear. Senator Cory Booker has stressed the importance of bipartisan cooperation, asserting that only through active negotiations can the legislation progress. However, with the Senate’s vote schedule still unresolved, the possibility of a timely passage appears daunting.