Lawmakers Scramble to Pass CLARITY Act Before Tight Deadline

U.S. lawmakers are pushing to pass the CLARITY Act before a July deadline as political pressure mounts and time runs out.

The bill aims to provide regulatory clarity for digital assets, including defining which agencies have authority over crypto markets and establishing consumer protections.

With only 20 working days between July 13 and the August recess, lawmakers face a tight timeline and intense negotiations are underway among the Senate, the White House, and industry stakeholders.

Prominent pro-crypto Senator Cynthia Lummis has signaled strong leadership support for the bill's passage in July, but key issues including ethics provisions remain unresolved.