U.S. Senate Republicans Seek to Advance CLARITY Act Vote on Week of July 20

According to The Hill, U.S. Senate Republican leadership aims to advance a full Senate vote on the CLARITY Act, which would establish a regulatory framework for digital assets, on the week of July 20. The legislation requires support from at least seven Senate Democrats to pass. Negotiations between the two parties remain unresolved on key issues including government ethics rules and illicit finance concerns. Without progress before the August recess, lawmakers will have minimal legislative time to advance the bill before midterm elections.
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