Get it done before August? Based on past experience, the extension of encryption legislation is the norm.

The Senate Banking Committee passed the CLARITY Act by a vote of 15 to 9, which will be merged with the House Agriculture Committee version and then sent to the full chamber for a vote. Final approval still requires negotiations on ethical provisions to prevent cryptocurrencies and DeFi from being used for financial crimes and to address government officials' involvement in the crypto industry. The Digital Chamber of Commerce expects to reach an agreement on the ethical provisions before submitting it for a full vote. The bill needs to be passed by August to avoid delays caused by summer recess and midterm elections.