Clarity Act Faces Uncertain Path Ahead of Senate Vote

Wall Street analysts at TD Cowen believe that despite growing momentum in Congress, the path to approval for the US crypto market structure legislation remains uncertain.

The Clarity Act is set to begin formal consideration in the Senate during the week of July 13, with a potential floor vote later that month if lawmakers stay on schedule.

Managing director Jaret Seiberg cautioned that approval remains 'far from assured' due to political disagreements, regulatory concerns, and competing legislative priorities.

The firm noted that July 24 is an important deadline before the House begins its August recess, with uncertainty surrounding President Donald Trump's position on the bill.