Negotiations between the two parties on the Clarity Act failed to reach an agreement, with Democrats still disagreeing on the BRCA provisions.

According to crypto journalist Eleanor Terrett, sources say a bipartisan minority group in the U.S. Senate held consultations last night on the CLARITY Act, attempting to push Democrats to make concessions on at least two outstanding issues, but ultimately failed to reach an agreement. Senator Cynthia Lummis stated that both sides had reached an agreement on "99% of the bill's content" and hoped Democrats would continue to resolve the remaining issues after the bill passed committee review; otherwise, if a similar FTX incident were to occur again, "they would only have themselves to blame." The report states that Democratic Senators Adam Schiff and Ruben Gallego had been pushing for a compromise on ethical and conflict-of-interest clauses concerning the presidential family before committee review, making it a condition for supporting the bill. In addition, some Democratic senators raised concerns about clauses in the Blockchain Regulatory Clarity Act (BRCA), which proposes to prohibit prosecution of non-custodial software developers under remittance laws. Sources say that substantial progress had been made on ethical and conflict-of-interest issues, but disagreements over amendments to the BRCA ultimately led to the breakdown of negotiations. The market generally expects that the committee's deliberations will be significantly partisan.