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Is the Crypto Bull Market at Risk? Why the Clarity Act Just Hit a Wall

The crypto bull market has lost one of its potential catalysts. Instead of considering the CLARITY Act, the Senate has moved on to other matters, with little time for debate before the August 8 recess.

In the meantime, Bitcoin trades around $64,000 and Ethereum around $1,625, with risk appetite already low. The bill faces a crowded docket, banking system opposition, and a fight over Donald Trump’s crypto dealings. Read more: CLARITY Act Stalled in the U.S.

Senate — Ethics Disputes and Time Running Out What Happened to the CLARITY Act? The House passed its version of the Digital Asset Market Clarity Act in July 2025, with bipartisan support in a 294–134 vote.

The Senate Banking Committee approved a revised text in May 2026, by a 15–9 vote. The Republicans published a new version on July 22, creating expectations for a floor vote before the August recess, which is now in doubt.

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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

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