U.S. Senate Plans to Review the CLARITY Act on July 20
Prefer us on GoogleOn July 12, the CLARITY Act is facing a critical legislative window aimed at providing a regulatory framework for the digital asset industry. The two parties in the U.S. have yet to reach an agreement on issues such as government officials' ethical rules and illicit finance. If the bill does not advance before the August recess, there will be little time before the midterm elections, potentially causing the legislative process to revert to square one. Currently, Republican leadership aims to push for a review during the week of July 20, but at least seven Democratic senators' support is needed for it to pass.
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