The "CLARITY Act" faces uncertainty before passing in August; the U.S. Senate agenda is stacked with multiple priority items.

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Mars Finance reported that on May 23, crypto journalist Eleanor Terrett disclosed that the U.S. Senate this week failed to reach an agreement over border security differences, causing the Cryptocurrency Market Structure Act (the CLARITY Act) to be postponed until early June so it can be scheduled for discussion in the Senate. With a backlog of multiple priorities—including funding, housing, farm bills, and the expiration of the FISA—there is uncertainty about whether the bill can pass when it enters the Senate full session in July and before the August recess. At present, Senate staff are continuing to merge the texts from the Agriculture Committee and the Banking Committee, and are advancing technical drafting during the recess. For a detailed breakdown of the next legislative steps for the CLARITY Act, see “CLARITY Act Enters Its Final Boss Battle: 7 Democratic Senators Must Turn on the bill before a Senate full vote.”
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VolcanicMonolith
· 4h ago
Passed for review before the August recess — I heard this sentence last year.
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PixelUniverseCat
· 5h ago
Before the recess, so many bills were piled up; the Senate's time management is more chaotic than my gas fees.
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TransparentDome
· 5h ago
7 Democratic votes, this is even harder to predict than DeFi slippage.
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GateUser-f85bc167
· 5h ago
Technical drafting is done during the recess, and this efficiency is about the same as the speed I confirm on the chain.
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GateUser-176c498f
· 5h ago
FISA expiration and CLARITY clash, intelligence agencies now estimate they are more anxious than traders.
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OneUnfilledOrder
· 5h ago
Border security and encryption regulation are intertwined, a typical case of political bundling.
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