US Senate stalls crypto Clarity Act while White House finalizes AI model framework

The US Senate did not schedule a vote on the Clarity Act, a cryptocurrency regulation bill that had already passed the House, leaving its progress uncertain as the chamber approaches its August recess. Industry observers note that Republican leaders may be delaying the measure to blame Democrats and secure crypto‑industry donations ahead of the mid‑term elections.

Meanwhile, the White House announced that the deadline set by President Donald Trump's June executive order on artificial‑intelligence model oversight has been met. The administration confirmed that a voluntary framework for big‑tech companies to share AI models with the government will be released, but it has not disclosed the specific requirements or enforcement mechanisms. Companies such as Meta, OpenAI, Google and Anthropic are reportedly involved in the final discussions.