Senate Faces Four-Day Deadline to Advance CLARITY Act
The US Senate has only four scheduled session days to advance the CLARITY Act before its August recess, sparking renewed efforts from cryptocurrency advocates and industry organizations.
Stand With Crypto, a group representing over three million supporters, is urging senators to approve the legislation before the break. The organization plans to score every senator's vote on the bill, adding political pressure as lawmakers work through their final days before recess.
The White House remains a crucial factor in negotiations, with an ethics counterproposal submitted by Senators Thom Tillis and Ruben Gallego awaiting response. This unresolved issue has become central to discussions connecting industry rules with restrictions governing digital asset transactions involving federal officials.
Senator Tim Scott expressed hope that lawmakers could advance digital asset legislation soon, placing the remaining negotiations within a compressed schedule watched closely by investors, digital asset firms, and financial markets.