The new version of the US "CLARITY Act" may be released as early as next week, with the legislative process entering its final sprint.

According to market sources, the latest version of the US Senate's "Digital Asset Market Clarity Act" (Clarity Act) could be released as early as next week.

However, given that the Senate is about to enter its summer recess on August 7, the window for completing the voting process after the final draft is only a few weeks.

Although bipartisan negotiations have made some progress, with the new version integrating the achievements of the Senate Agriculture Committee and the Banking Committee, adding more than 70 pages of content and strengthening consumer protection provisions, it still needs to win key support from Democratic lawmakers.

Among them, the ethics restrictions proposed by Democrats have become a major obstacle to the bill's advancement. This clause explicitly prohibits senior government officials, including the President, from maintaining business ties with the crypto industry.

Although both sides have proposed compromise solutions during negotiations, such as allowing state attorneys general to sue violators, the talks are progressing slowly, and no breakthrough consensus has been reached.

Supporters of the bill hope to submit it for consideration by the full Senate in the week of July 20, but in addition to the ethics issue, key problems such as federal preemption and agreements on relevant committee positions also need to be resolved.

At present, the Senate's schedule is tight, and advancing the legislative process will take time. Therefore, the window for passing the bill by 2026 is limited, and the National Defense Authorization Act could divert legislative attention, making the situation even more severe.

Even if the Senate passes the bill, it still requires approval by the House of Representatives, which is nearly paralyzed due to infighting among Republicans. Ultimately, the bill must be signed by the President.

However, Trump previously rejected another bipartisan housing bill containing an ethics clause, adding further uncertainty to the prospects of this bill.

Given these multiple obstacles, the outlook for the passage of the Digital Asset Market Clarity Act (Clarity Act) remains highly uncertain, and the crypto industry is closely watching the latest developments in the bill's advancement.

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