The "Clarity Act" Enters Critical Negotiation Period, Senate Floor Vote Expected as Early as Late July

Odaily reports The core U.S. crypto regulatory bill, the "Digital Asset Market Clarity Act" (Clarity Act), has entered a critical two-week negotiation cycle for legislation. The Senate will be in recess until July 13. During the recess, bipartisan staff, the White House, and representatives from the crypto industry will continue to negotiate remaining differences in the bill, focusing on resolving controversial issues such as the integration of the two bill texts from the Senate Banking Committee and the Agriculture Committee, ethics clauses, and anti-money laundering rules.

If all parties successfully reach a unified compromise version, the bill could be submitted for a full Senate vote as early as late July to early August. Market consensus generally holds that the period before the congressional recess in August is the only window for the bill to be passed this year. If the vote is not completed during this period, the probability of the bill being enacted into law by 2026 will significantly decrease. (Crypto in America)