Greg Cipolaro, Research Director at NYDIG, has warned that the U.S. Senate's Crypto Market Structure Act may fail if not passed by August. The bill, which recently passed the Senate Banking Committee along party lines, requires 60 votes in the full Senate. With Congress in recess from late July to early September and midterm elections approaching, scheduling a contentious vote is unlikely. If the bill is not passed before the recess, it may face challenges in a lame-duck session post-elections, especially if Democrats gain Senate control, potentially stalling the Republican-backed bill. Cipolaro emphasized that lawmakers must decide between accepting a bipartisan framework now or facing a different legislative landscape after the midterms. The White House had initially aimed for a July 4 passage, but Cipolaro suggests a more feasible timeline is between June and early August.