U.S. Senate to Consider CLARITY Act the Week of July 20, Needs Support from at Least 7 Democratic Senators

Odaily News: The CLARITY Act, which aims to provide a regulatory framework for the digital asset industry, is facing a critical legislative window. Bipartisan negotiations in the U.S. have yet to reach an agreement on key issues such as government ethics rules and illicit finance. If the bill is not advanced before the August recess, there will be almost no window before the midterm elections, potentially causing the legislative process to restart from scratch. Currently, the Republican leadership aims to push for full Senate consideration during the week of July 20, but will need the support of at least 7 Democratic senators to pass.