CLARITY Act Gains Momentum as US Senate Eyes Post-Recess Vote

The CLARITY Act has regained momentum in the US Senate after Senator Bill Hagerty outlined a revised timeline for floor action, pointing to a vote after lawmakers return from their July recess.

According to reports, the U.S. Senate is expected to publish the final text of the CLARITY Act this weekend, giving lawmakers and the digital asset industry a clearer look at the legislation before debate resumes.

Hagerty's updated schedule has replaced earlier expectations of a July 4 signing, with the senator indicating that a Senate vote is more likely after Congress reconvenes on July 13.

Bloomberg Intelligence recently estimated that the probability of the CLARITY Act passing this month has risen to about 60%, adding to optimism among crypto market participants awaiting a federal market structure framework.