According to Jefferies, on June 30, the CLARITY Act faced a major legislative hurdle in the U.S. Senate, with the probability of passing within the year dropping from 70% in mid-May to 48%. The bill passed the Senate Banking Committee with a bipartisan vote of 15 to 9, but faces time pressure, with only about 20 legislative days left before the August congressional recess. Senate procedures include bill consolidation, procedural votes, and coordination with the House version, which must be completed before being submitted to the President.