A unified version of the U.S. "Clarity Act" could be released as early as next week, according to sources. The bill, which merges efforts from the Senate Banking and Agriculture Committees, is expected to be submitted to the full Senate for a vote during the week of July 20. However, Democratic support remains uncertain due to ethical provisions restricting commercial relationships between senior officials and the crypto industry.
The merged text, which includes over 70 additional pages, emphasizes consumer protection. The bill must advance before the August recess, with only three weeks left in July and the first week of August available for Senate consideration. The House of Representatives also needs to approve the bill, and previous opposition from Trump to a bipartisan housing bill adds uncertainty to its prospects. Meanwhile, Senator Ron Wyden's support for blockchain regulatory provisions offers some hope for the DeFi sector.
Unified U.S. Clarity Act May Be Released Next Week Amidst Democratic Opposition
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