Charles Schwab, managing $13 trillion in assets, has officially endorsed the CLARITY Act as Congress faces a tight deadline before its August recess. The bill, which establishes distinct regulatory boundaries between the SEC and CFTC, comes as Schwab expands its direct Bitcoin and Ethereum trading services. Senate Majority Leader John Thune noted a current lack of necessary votes, though White House officials remain hopeful for a pre-recess floor vote. Schwab analysts warn that failing to pass the legislation before the August 10 recess risks delaying crypto market structure reform until after the midterm elections, whereas passage could reignite institutional adoption.