U.S. Senate to Consider CLARITY Act 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 ethics rules for government officials and illicit finance. If the bill fails to advance before the August recess, there will be almost no time window before the midterm elections, potentially causing the legislative process to return to the starting point. Currently, Republican leadership aims to push for a full Senate review during the week of July 20, but it will need the support of at least 7 Democratic senators to pass.