CLARITY Act Stalls Despite Trump's Personal Intervention: What Happens to Crypto Regulation Now?

If you have seen headlines suggesting the President personally sat down with senators to get the CLARITY Act over the line, that reporting was accurate, and then the story moved on without it. Trump did intervene directly. He did approve the ethics language that had blocked the bill for months. And within roughly a week, the Senate Majority Leader was telling reporters the bill probably would not pass before the August recess.That gap between "the White House is now personally involved" and "the bill is about to become law" is the whole story right now, and it is worth getting straight before you position yourself around a passage trade.What did Trump actually do?On 16 July, Trump met a group of Republican senators in the Oval Office: Cynthia Lummis of Wyoming, Bernie Moreno of Ohio, Thom Tillis of North Carolina and Bill Hagerty of Tennessee. Also present were White House crypto adviser Patrick Witt, chief of staff Susie Wiles and Acting Attorney General Todd Blanche. No Democrats were invited.This was the deepest executive-branch involvement the bill has seen. The purpose was narrow: break the deadlock over the ethics provision, which had been the single unresolved item after mon...