SENATORS MAY TOUGHEN TRUMP CONCESSION ON CLARITY ACT'S LIMITS

Summary from the TLDR Crypto newsletter

Senators Thom Tillis and Ruben Gallego have reportedly finalized new language on the Clarity Act's ethics provision, which restricts senior officials' crypto ties, though details haven't emerged and it still needs White House and Democratic buy-in. Democrats have argued Trump's earlier accepted version lets him avoid real compliance since DOJ enforcement falls under his own appointees. Senate Majority Leader John Thune said a vote is likely but uncertain given time constraints before the August recess, with remaining sticking points including illicit-finance/DeFi protections and stablecoin reward rules the American Bankers Association wants tightened further. Coinbase CEO Brian Armstrong called the bill "one yard line" from passage, though many in the industry are shifting expectations to a September vote.