U.S. Senate Has Only About 9–10 Working Weeks Left to Advance the Clarity Act

Odaily Planet Daily News: With the revision of the Clarity Act expected to advance in May, the crypto industry is closely watching the legislative window before the congressional recess in August. Ji Kim, CEO of the Crypto Innovation Council, said the Senate has limited time remaining, and the industry hopes to send the bill to President Trump for signature before August.

However, after accounting for recess periods and other legislative agendas, the Senate effectively has only about 9 to 10 working weeks left to move the bill forward. Currently, the bill still needs to first pass the Senate Banking Committee, with disagreements over stablecoin yields and rewards remaining the main obstacles.