The U.S. Senate is pushing to advance crypto legislation in July, but the agenda, including the housing bill, may squeeze the window of opportunity.

Odaily reported that the U.S. Senate is attempting to advance the crypto market structure bill, the Clarity Act, in July. However, with multiple priority items piling up, including the National Defense Authorization Act, the renewal of the Farm Bill, and a housing bill, the window for the bill's passage is narrowing.

The Senate's agenda for the coming weeks is tight. In addition to the annual defense and farm bills, President 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 members of Congress will leave Washington before the August recess, if the relevant bill is not advanced before then, the political focus will shift to the November elections upon their return, further reducing the floor time available for crypto legislation.

Republican Senator Cynthia Lummis stated that a new version of the text is expected to be released around July 4th for a final review by lawmakers, with a vote targeted for 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, controversies over President Trump's crypto-related conflicts of interest, the priority of other major pieces of legislation, and the Senate's limited schedule.