U.S. Senate Faces 4-Week Final Window to Pass Clarity Act Before August Recess

According to Odaily, the U.S. Senate has entered a critical four-week window following its reconvening to determine whether the Clarity Act can pass this year before the August recess. The bill requires approval of a merged text, Senate debate, and a vote, with at least 60 votes needed for passage.

Key negotiation points include whether to retain exemptions for non-custodial developers from the Blockchain Regulatory Certainty Act, and establishing an ethics framework around President Trump's crypto interests. The absence of Senator Lindsey Graham and Mitch McConnell's reduced participation have weakened Republican vote counts, increasing the importance of securing Democratic support.