The U.S. Senate plans to advance the full Senate consideration of the CLARITY Act on July 20.

Golden Finance News reported that on July 12, the Clarity Act, which provides a regulatory framework for the digital asset industry, is facing a critical legislative window. Bipartisan negotiations in the US have yet to reach agreement on key issues such as government officials’ ethics rules and illicit finance.
If the bill cannot be advanced before the August recess, there will be almost no window of opportunity ahead of the midterm elections, which may cause the legislative process to revert to the starting point.
Currently, the Republican leadership’s goal is to push for review during the week of July 20, but at least 7 Democratic senators’ support is required for passage.
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