The Crypto CLARITY Act received several updates on Wednesday as it makes its way through the US Senate en route to the White House. The latter is pushing the Senate to pass the bill so it can eventually be signed into law by US President Donald Trump. At press time, the Senate has 15 days to pass the Crypto Clarity Act before leaving for summer recess.

On Wednesday, US Senate Republicans released a new Crypto Clarity Act draft bill to be discussed. One of the biggest changes to the previous bill in today’s update is a ban on presidents and federal officials from issuing or sponsoring crypto and other digital assets. This is notable considering several US officials have recently become involved in digital assets, including President Trump and his World Liberty Financial (WLFI) and TRUMP crypto tokens.

The CLARITY Act will provide regulatory clarity to prevent companies from facing contradictory or ambiguous rules from the SEC and CFTC. Additionally, the act also aims to maintain US leadership in digital finance by creating a framework that encourages domestic blockchain development. The bill passed the House of Representatives in July 2025 and cleared two Senate committees before Memorial Day 2026.

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Per predictions platform Polymarket, odds of the Crypto Clarity Act passing crashed to 39% after Senate Republicans released the new draft bill.