US Senate Has Only About 9-10 Working Weeks Left to Advance the "Clarity Act"

Odaily Planet Daily News: As the revision of the "Clarity Act" is expected to advance in May, the crypto industry is closely watching its legislative window before the August congressional recess. Ji Kim, CEO of the Crypto Council for Innovation, stated that the Senate's remaining time is limited, 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 has only about 9 to 10 working weeks left to advance the bill. Currently, the bill must first pass the Senate Banking Committee, with disagreements over stablecoin interest and rewards remaining key obstacles.