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07/06 09:50

CLARITY Act faces Aug. 7 deadline after July 4 tar

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Invites You to Share 600K USDT in Gift Packs CLARITY Act faces Aug. 7 deadline after July 4 target slipsThe CLARITY Act did not become law by July 4, despite earlier hopes from White House crypto adviser Patrick Witt. Attention has now moved to Aug. 7, the Senate’s final session day before its summer break and the campaign season. The bill remains one of the most watched U.S. crypto market structure proposals. Crypto.news reported that the CLARITY Act has passed the House, cleared the Senate Banking Committee, and sits on the Senate calendar. It still needs a full Senate vote before it can move closer to the president’s desk Staff work continues on Senate text Senate staff are still working to reconcile the Agriculture and Banking Committee versions. That step matters because both committees have jurisdiction over parts of digital asset policy. A single Senate text must be ready before floor action can move cleanly. Recent crypto.news coverage said Senator Bill Hagerty revived hopes after outlining a new Senate roadmap for the CLARITY Act. The report said the Senate could release final text before lawmakers return from recess, while Bloomberg Intelligence placed the bill’s chance of passing this month near 60%. Senator Cynthia Lummis has also pushed lawmakers to keep the bill moving. Crypto.news reported that Lummis said the bill would “lay the foundation for the financial services of the 21st century.” She also said, “The Clarity Act is this generation’s contribution to that legacy. Let’s finish the job.” Vote math and policy disputes remain The bill still faces a hard Senate vote count. Crypto.news has reported that the CLARITY Act likely needs 60 votes on the floor, meaning Republicans must secure Democratic support to overcome Senate rules. That requirement keeps negotiations active. TD Cowen warned that the bill’s timeline remains uncertain before the November m
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