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

Odaily reported that with the revision of the "Clarity Act" expected to advance in May, the crypto industry is closely watching the legislative window before Congress adjourns in August. Ji Kim, CEO of the Blockchain Innovation Council, stated that the Senate has limited time remaining, and the industry hopes to send the bill to President Trump for signing before August.

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