The U.S. Senate plans to advance the crypto market structure bill, the Clarity Act, in July, but faces pressure on the timeline for a vote due to legislative congestion from the National Defense Authorization Act, the Farm Bill, and the Housing Bill. Senator Cynthia Lummis stated that the bill text will be released around Independence Day, with a push for a Senate vote in July. However, negotiations continue on issues such as ethics standards for government officials holding crypto assets, anti-money laundering provisions, and a safe harbor for non-custodial developers. Some believe that if progress is not made in the coming weeks, the vote could be postponed to the "lame-duck" session after this year's election. (The Block)