CoinJie Network news: The Senate has entered the final window to advance the Clear Act, and a consolidated draft is expected to be submitted next week. Senate negotiators are preparing an updated legislative text that merges the proposals from the Banking and Agriculture Committees into a single version. The draft is expected to add more than 70 pages of new content and strengthen the focus on consumer protection. The Senate plans a possible vote during the week of July 20, but the legislative calendar is becoming increasingly tight. The bill aims to establish a federal framework for the digital asset market and clarify the division of regulatory authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Although the House passed the bill in 2025 with bipartisan support, the Senate is still negotiating key provisions. Despite some progress on the draft, it still lacks the bipartisan support required to pass the Senate. Democratic support remains uncertain, and negotiations are ongoing.

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ChaintraceAuntie
· 6h ago
Proposal to merge the Banking Committee and the Agriculture Committee: these two departments are usually not on the same channel.
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Post-RainCandlestickReflection
· 6h ago
Adding consumer protection clauses is a good thing, but the division of jurisdiction between the SEC and CFTC is the hard nut to crack.
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