Trump-backed CLARITY Act faces Senate vote math as White House eyes July 4 signing

On May 14, the Senate Banking Committee advanced the CLARITY Act by a 15–9 vote, as the White House pushes for a July 4 signing timeline. With Republicans holding 53 seats and 60 votes needed for cloture, the bill would need seven Democratic or independent votes, while AML language, ethics concerns, and stablecoin reward provisions remain key sticking points.