Gillibrand: Three sticking points in CLARITY Act talks near resolution — bill could pass by August.

Sen. Kirsten Gillibrand says negotiators are close to resolving three outstanding issues ahead of the CLARITY Act's markup: consumer protections, illicit finance and terrorism financing safeguards, and ethics provisions covering government officials.

"It can get done by August if we're lucky," Gillibrand said — a cautiously optimistic timeline for legislation that has been in the works for months. The three issues flagged are among the most politically sensitive in any crypto market structure bill, and movement on all three simultaneously would clear a significant path toward a floor vote.

A summer passage would mark a meaningful step toward a federal framework for digital assets, with implications for how exchanges, issuers, and custodians operate across the US.