The US Senate aims to advance the crypto bill in July, but agendas like the housing bill may squeeze the time window

Odaily reports that the US Senate is attempting to advance the crypto market structure bill, the "Clarity Act," in July. However, with multiple priority agendas piling up, including the National Defense Authorization Act, the Farm Bill reauthorization, and a housing bill, the time window for the bill's passage is narrowing.

The Senate's agenda is packed for the coming weeks. In addition to the annual defense and farm bills, Trump stated on Wednesday that he would not support a major housing bill unless Congress first passes legislation requiring proof of citizenship for federal election voters. The housing bill also includes provisions to ban central bank digital currencies.

As lawmakers will leave Washington before the August recess, if the relevant bills fail to advance before then, the political focus will shift to the November election upon their return, further reducing the floor time available for crypto legislation.

Republican Senator Cynthia Lummis stated that she expects a new version of the text to be released around July 4th for final review by lawmakers, with a vote pushed forward in July. A Senate aide also noted that the "Clarity Act" will become one of the bipartisan priorities when the Senate returns in July.

However, the bill still faces multiple uncertainties, including the level of Democratic support, controversy over Trump's crypto-related conflicts of interest, the priority of other major bills, and the Senate's limited agenda scheduling.