U.S. Senate Plans to Consider CLARITY Act the Week of July 20, Needs Support from at Least 7 Democratic Senators

Odaily Odaily reports that the CLARITY Act, which provides 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 illegal finance. If the bill fails to advance before the August recess, there will be almost no time window before the midterm elections, potentially sending the legislative process back to square one. Currently, Republican leadership aims to push for a full Senate vote the week of July 20, but it needs the support of at least seven Democratic senators to pass.