The U.S. Senate plans to begin reviewing the CLARITY Act during the week of July 20.

Foresight News reports, according to The Hill, that U.S. Senate Majority Leader John Thune plans to initiate a full Senate review process for the CLARITY Act during the week of July 20. In addition, enforcement agencies have shown a softened stance regarding the developer exemption clause. Previously opposed Major County Sheriffs of America shifted to a neutral position last week; the White House, Treasury Department, and Senator Catherine Cortez Masto are currently jointly drafting a revision plan for this clause.

Currently, negotiations on the bill still face several unresolved disagreements, including the ethics provisions (with Democrats demanding restrictions on government officials participating in the crypto industry), issues regarding Democratic appointments to the SEC and CFTC, as well as continued pressure from the banking industry concerning regulatory loopholes in stablecoin yields. The financial disclosure of about $1.2 billion in crypto-related income by Trump last year has further intensified negotiations over the ethics provisions. Analysts warn that the period before the August recess may be the last window in this Congress to pass the bill.