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The next four weeks are the last window of opportunity for the U.S. Congress to pass the Clarity Act this year
Svmuu News: Industry insiders say that once the U.S. Senate reconvenes, it will enter a critical window of about four weeks that will determine whether the “Clarity Act” can be passed this year. The bill must complete the consolidation of the text, Senate debate, and a vote before the August recess, and secure at least 60 votes in the Senate. Current points of negotiation include whether to retain the exemption provisions for non-custodial developers in the “Blockchain Regulatory Certainty Act,” as well as the establishment of an “ethical framework” regarding conflicts of interest for officials related to President Trump’s crypto business interests. Meanwhile, the passing of Senator Lindsey Graham and the absence of Mitch McConnell have weakened the Republican vote count, heightening the importance of securing support from Democratic senators.
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