TechFlow news, July 6, according to CoinDesk, the U.S. Crypto Market Structure Bill Clarity Act failed to be signed within the previously expected timeframe. As Congress approaches its summer recess, time pressure is rising if the bill is to complete legislation within 2026. However, several individuals following the legislative process remain cautiously optimistic about its passage within the year, believing that key coordination work is still ongoing, including the integration of content between the Senate Agriculture Committee and Banking Committee versions.
The report also pointed out that U.S. President Trump's latest financial disclosure involved significant crypto-related income, further triggering Democratic lawmakers' concern over the bill's ethical provisions. Some Democrats require adding restrictive measures to the Clarity Act to limit the President, Vice President, senior government officials, and members of Congress' families from profiting from the crypto industry. Meanwhile, the overall slow legislative progress and procedural obstacles in the House of Representatives may also impact the final voting and signing process of the Clarity Act.
