The US "Clarity Act" to Increase Difficulty Before July 4th, Leaving Only 9 Working Days in the Legislative Window
BlockBeats News, June 15th, the likelihood of the United States' "Clarity Act" completing legislation by July 4th and being signed by the president is decreasing, with the core obstacle being a severe mismatch between the legislative process and the remaining time.
Reports indicate that there are only about 9 Senate working days left before the congressional recess. Legislators still need to complete several key steps, including merging the Senate Banking Committee and Agriculture Committee versions of the text, reaching consensus on ethical provisions, obtaining 60 votes for cloture, and completing multiple rounds of amendment voting and the final approval process.
Even if the Senate completes its deliberation, the bill still needs approval of the revised version by the House of Representatives and passage again before it can be sent to the president for signature. The article points out that completing this process in a short period is "mathematically almost unfeasible."
Nevertheless, some policy makers still believe that the bill has a chance of passing within the year. Patrick Witt, the Executive Director of the White House Cryptocurrency Policy Office, had previously expressed hope to complete the legislation by July 4th, but Senators like Cynthia Lummis have acknowledged that the timetable may need to be delayed to a later stage.
Currently, the legislative focus has partially shifted to other issues, including a housing bill and the renewal of national security-related FISA provisions. It is widely believed in the industry that the period around the August congressional recess may become a more realistic key timeframe.
Analysts point out that even if the symbolic deadline of July 4th is missed, the bipartisan support for this bill may still propel it forward by 2026, but future progress will depend more on changes in the political environment and the stability of the bipartisan alliance.
