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#CLARITYActStalled CLARITY is stalling. Senate Majority Leader Thune says it's unlikely to pass before the August recess — and the biggest obstacle might be Trump himself Bloomberg reports Trump's ~$1.4B in crypto-related gains has become the top political blocker. Democrats and consumer groups say the ethics provisions are too weak: DOJ holds sole enforcement power, indirect holdings are ambiguous, and the whole ethics clause auto-expires on January 20, 2029 Three fights at once — Democrats on ethics, banks on stablecoin yield provisions (worried about deposit outflows), and the Trump conflict-of-interest issue that nobody can easily resolve Gallego and Tillis are still working on a compromise. Latest draft added white-hat hacker disclosure incentives, which is interesting. But prediction markets now price passage this year at about one-third A week ago Circle and Coinbase were up 13%+ on CLARITY progress. Now the August recess window is closing fast. How much of that move gets priced back out?