US ‘Clarity Act’ Final Text Expected This Weekend as 91 Crypto ETFs Await SEC Decision

The final text of the Clarity Act will be released over the July 4th weekend, Senator Cynthia Lummis confirmed. The bill would establish the CFTC as the primary regulator for most of the crypto industry, ending years of jurisdictional battles with the SEC.
The House is preparing to consider the Clarity Act alongside the GENIUS Act and Anti-CBDC Act during “Crypto Week” starting July 14. If passed, the package would create the first comprehensive federal framework for digital assets in the United States.
Meanwhile, 91 crypto ETF applications are pending before the SEC, with a final decision deadline of March 27, 2027. The list includes spot ETFs for major Layer 1 blockchains. Analysts say approval odds depend heavily on whether Clarity Act passes first.
The regulatory momentum comes as a major investment bank cut its 12-month Bitcoin target from 112K to 82K, citing negative ETF flows and lack of legislative progress. Spot Bitcoin ETFs have seen 3.3 billion dollars in outflows year-to-date.
Market reaction has been muted. Bitcoin traded at 58,864 dollars Tuesday, down 50% from its peak and at its weakest since September 2024.
This is not financial advice.
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