Digital asset legislation has entered a critical Senate phase as crypto advocates press lawmakers to advance the CLARITY Act before August.
The bill's path remains uncertain, but supporters point to bipartisan engagement, ongoing negotiations, and a narrowing legislative calendar.
Kristin Smith, president of the Solana Policy Institute and former Blockchain Association CEO, said that she has heard concerns from crypto community members about the bill's progress.
Smith described discussions among Senate Democrats, Senate Republicans, the White House, the crypto industry, and other stakeholders as serious and ongoing. 'Legislation is never guaranteed, but I strongly believe there is a path to get the Clarity Act to the President's desk,' she wrote.