Crypto Bill Text May Be Released This Weekend Amid Senate Progress

The CLARITY Act is making progress in the US Senate, and crypto investors are closely watching for the next step. According to reports, the final text of the bill may be released this weekend.

Senator Bill Hagerty said that lawmakers are aiming to advance the legislation after Congress returns from its July recess on July 13. A Senate floor vote is expected in the weeks following.

The CLARITY Act still faces a significant hurdle before becoming law, requiring at least 60 votes in the Senate. With Republicans holding 53 seats, it will need support from at least seven Democratic senators to secure passage.