Story perspectives

Senate Advances Clarity Act, Bitcoin Hits $67K

7/22/2026

Summary

Senate Pushes Clarity

Senate leaders said the Clarity Act will be voted on before August recess.
The Senate Banking Committee approved the bill 15-9, with two Democrats joining Republicans.
White House urged Senate Democrats to adopt a Trump-negotiated ethics deal that bars officials, including President Donald Trump.
An amendment to bar the president, vice president and Congress members from crypto ties failed 11-13, prompting the bill to name the Justice Department as primary enforcer.

Summary

Bitcoin Surges

Bitcoin rose 2% to $67,000 on Tuesday after Treasury Secretary Scott Bessent said lawmakers were at the “1-yard line” on the Clarity Act.
Coinbase Global Inc. shares climbed to 12.6% after the Treasury Secretary’s remarks.
Analysts say Bitcoin is up 14% this month, with spot ETF inflows and a $60,000-$67,000 range suggesting a breakout.
Tagus analysts noted renewed institutional buying, contrasting earlier severe selling pressure and record redemptions this summer.

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Senate Pushes Clarity

Senate leaders said the Clarity Act will be voted on before August recess.
The Senate Banking Committee approved the bill 15-9, with two Democrats joining Republicans.
White House urged Senate Democrats to adopt a Trump-negotiated ethics deal that bars officials, including President Donald Trump.
An amendment to bar the president, vice president and Congress members from crypto ties failed 11-13, prompting the bill to name the Justice Department as primary enforcer.

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