The CLARITY Act, a bipartisan ethics proposal aimed at bringing transparency to cryptocurrency dealings, is running out of time. The Senate is set to go on recess by August 7, and President Donald Trump has yet to sign the bill into law. Optimism that the president will approve it this year is fading.
The August 7 deadline
The Senate's recess creates a hard deadline. If the bill isn't signed before lawmakers leave Washington, it could be pushed to the next session. The clock is ticking. Supporters had hoped for a signature this week, but the White House has given no signal.
Why the bill matters
The CLARITY Act is a rare bipartisan effort in a divided Congress. It would require public officials to disclose crypto holdings and set ethics standards for digital asset dealings. Its fate now rests entirely with the president. Without his signature, the bill dies — at least for now.
Uncertain path forward
With the recess approaching, the window for action is narrow. If Trump doesn't sign soon, the bill may have to wait until after the election or the next Congress. No one is predicting a last-minute reversal. The White House has not commented on timing.
The Senate recesses on August 7. Until then, the bill's supporters are watching the White House.
