CLARITY Act Passage Delayed Until August Recess, Says Senator Lummis

The CLARITY Act's passage through the Senate is facing delays, according to Senator Cynthia Lummis. The senator stated that while a vote could potentially occur before the July 4 congressional recess, it is more likely to happen after the August recess.

Lummis attributed this delay to the ongoing process of combining multiple committee proposals and amendments into a final version of the crypto market structure bill. This includes merging the Banking Committee's bill, the Agriculture Committee's bill, ethics provisions, and certain changes connected to the GENIUS Act.

Despite the challenges, support for the legislation continues to grow. A newly launched political action committee called Defend Developers has begun advocating for U.S.-based crypto software engineers, decentralized finance builders, and open-source developers, with a focus on securing legal protections for developers within the CLARITY Act.