The U.S. crypto regulatory milestone — the CLARITY Act — has entered a decisive legislative window. Senate Majority Leader Thune hopes to begin consideration before the August 7 recess, but admits final passage before recess is unlikely. Three major crypto trade associations have sent a joint letter urging the Senate to move forward. The House passed the bill on a bipartisan basis last year, with former House Financial Services Committee Chairman McHenry saying it's a matter of "when, not whether." Two major hurdles remain: Democrats are pushing for strict ethics provisions limiting crypto profits for the president and officials' relatives; the Senate needs 60 votes to overcome a filibuster, while Republicans hold only 52 seats. Polymarket puts the odds of passage this year at ~37%. With only a narrow window before the August recess, failure would push the timeline to September or beyond.











41.69K Popularity
131.37M Popularity
747.05K Popularity
105.37K Popularity
90K Popularity
199.24K Popularity
56.16K Popularity
30.23K Popularity
20.99K Popularity
87.62K Popularity