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U.S. Senate rushes for legislation such as the "Clarity Act" in July, time window narrows

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Jinse Finance reports, June 26, according to The Block, the U.S. Senate faces a tight schedule and needs to advance multiple pieces of legislation in July, including the Clear Act, as well as the National Defense Authorization Act, the Farm Bill, and the Housing Bill. Republican Senator Lummis is expected to release the bill text around July 4 and then push for a vote. Key controversies include ethical provisions banning officials from participating in crypto transactions, a safe harbor provision for non-custodial developers, and the issue of stablecoin rewards. Democratic Senator Alsobrooks stated that ethical and illicit finance provisions need to be addressed. Industry insiders warn that if the bill cannot pass in July, the window will close, and the legislation may be delayed to the lame-duck session after the November election. The CEO of the Blockchain Association said that a July vote is "absolutely achievable."
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