Ripple Deploys CLARITY Truck While Senate Delays Cryptocurrency Bill



Ripple has ramped up its public campaign for the CLARITY Act as the legislation faces a narrower path through Congress following the Senate recess and competing legislative priorities in Washington.

summary

  • Ripple launched a mobile “CLARITY” truck campaign near the US Capitol in support of the cryptocurrency market structure bill.
  • The CLARITY Act faces a tougher timeline after the Senate recesses until July 13 and shifting legislative priorities.
  • The Justice Department said the bill would not weaken federal authority to investigate or prosecute crimes related to cryptocurrencies.

According to Ripple, the company deployed a mobile advertising truck around the US Capitol carrying messages supporting the CLARITY Act, urging lawmakers to set clear rules for digital assets as Congress continues to debate cryptocurrency legislation.

Large digital displays on the truck feature Ripple branding alongside the slogan “On the Road to Clarity,” while other panels describe the legislation as a framework for clear regulation of digital assets.

In a post on July 25, Ripple said the campaign aims to draw attention to the bill as lawmakers continue to work on cryptocurrency policy.

The CLARITY Act would protect consumers, encourage responsible innovation, and help the United States remain competitive in the digital asset industry, the company wrote.

Lauren Beliff, co-head of public policy and government at Ripple, also highlighted the campaign on social media. It has X mailBelieve described the initiative as the company taking its “Path to Clarity” message directly to Washington as Congress considers the legislation.

The Senate calendar for the Clarity Act has been tightened

Ripple’s campaign comes as the bill faces a more challenging legislative timeline. Earlier this week, Senate Majority Leader John Thune adjourned the Senate until July 13 under a unanimous consent agreement, reducing the number of legislative days available before lawmakers leave again for August recess.

like I mentioned By crypto.news Rep. Ana Paulina Luna criticized the decision, saying she would not support reopening the House floor until senators return to Washington. Luna said the Senate left D.C. without introducing pending legislation before the Independence Day holiday.

Scheduling pressures have increased alongside new competition for Congress’ attention. President Donald Trump recently Postponing signing The Path to 21st Century Housing Act was bipartisan after Congress approved it with overwhelming bipartisan support, saying it would instead wait until lawmakers advance the Save America Act.

Although the housing bill is procedurally unrelated to the Clarity Act, Trump’s decision adds another legislative priority as Congress considers several key policy measures at the same time.

The CLARITY Act was already placed on the Senate legislative calendar earlier this month after advancing through committee, while the House Financial Services Committee is also expected to continue considering the proposal before taking any final votes.

The Justice Department supports the bill despite law enforcement concerns

Even as the legislative timeline tightened, debate continued over the bill’s impact on enforcement of financial crimes laws.

Several law enforcement organizations have warned that parts of the proposal could create risks for investigations into financial crimes involving digital assets. In response to those concerns, a spokesman for the US Department of Justice said: He said The legislation will not reduce the power of prosecutors or investigators.

According to the Department of Justice, law enforcement access to relevant information would remain unchanged under the proposal, and the bill would not limit federal investigations or prosecutions involving crimes such as drug trafficking, human smuggling, or terrorist financing involving digital assets.

Meanwhile, Treasury Secretary Scott Besent continued to support congressional action on cryptocurrency legislation. Picent said a US central bank digital currency is “off the table” under the current administration, while encouraging lawmakers to continue developing digital asset legislation, including the CLARITY Act.

With Congress now working under a compressed legislative calendar, Ripple’s public push arrives as the bill’s supporters seek to maintain momentum before lawmakers return to Washington in mid-July.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *