TechFlow reports, July 13, after the U.S. Congress reconvened, the "CLARITY Act" entered a key legislative stage in the Senate. The market expects that the next four weeks will determine whether the bill can complete deliberation before the August congressional recess and be formally passed within the year. The Senate may publish the latest text integrating the versions from the Banking Committee and the Agriculture Committee this week.
Current major disagreements center on two aspects: first, the final wording regarding the regulatory responsibility of non-custodial software developers in the "Blockchain Regulatory Certainty Act"; second, ethical provisions involving conflicts of interest for government officials, particularly those related to Trump's crypto business.
Sources say that the White House and Congress have not yet reached an agreement on the ethical provisions, which is considered key to securing 60 votes for the bill.
Alex Thorn, Head of Research at Galaxy Digital, stated that the next four weeks may be the last opportunity for the bill to pass in this session of Congress. If it fails to advance, the U.S. may fall further behind overseas markets in the competition for digital asset innovation.
