The U.S. CLARITY Act may be postponed for review until July, affecting the likelihood of final approval in August.
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Jinse Finance reported that crypto journalist Eleanor Terrett posted on platform X stating that, due to ongoing disagreements within the Republican Party regarding the Border Security Coordination Bill, the U.S. Senate was unable to advance the related agenda before the Memorial Day recess. As a result, the crypto market structure bill, CLARITY Act, will have to compete again for Senate floor time after Congress reconvenes in early June. The current Senate schedule is already very tight, with pending legislation including the Housing Bill, Agriculture Bill, and the June 12 FISA Bill deadline. Therefore, it is very likely that crypto market structure legislation will be postponed until July for deliberation, which could affect its chances of final passage before the August recess. It is reported that staff members of the Senate Agriculture and Banking Committees have already begun coordinating and integrating the bill texts behind the scenes, and technical drafting work will continue during the recess.
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