Clarity Act not signed into law on July 4th, August 7th becomes key timeline

White House advisor Patrick Witt stated in May that he hoped the Clarity Act would be signed into law by July 4th, but the bill was not enacted by that deadline. According to CoinDesk, the biggest risk now comes from the House of Representatives. The U.S. House has recently faced resistance in advancing multiple agendas, including key bills like the budget, raising market concerns that declining legislative efficiency could further slow the progress of the CLARITY Act.

Additionally, the market views August 7th (the last working day before the Senate's summer recess) as a critical time window for the bill's advancement. (CoinDesk)