《CLARITY Act》 August Passage in Doubt, Senate Agenda Packed

BlockBeats News, May 23rd, Crypto reporter Eleanor Terrett revealed that the U.S. Senate failed to reach an agreement this week due to border security disputes, resulting in the postponement of the Cryptocurrency Market Structure Bill (known as the CLARITY Act) until early June to seek Senate floor time. With various priorities such as funding, housing, farm bills, and FISA expirations piling up, the prospect of the bill entering the Senate floor in July and passing before the August recess is uncertain. Currently, Senate staff are continuing to merge the Agriculture and Banking Committee texts and advancing technical drafting during the recess.

For a detailed explanation of the upcoming legislative process of the CLARITY Act, please see "Boss Fight for the CLARITY Act: 7 Democratic Senators Needed to Defect Before Senate Floor Vote".