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Clarity Act Faces July 4 Deadline as Senate Returns to Congested Schedule

Regulation & Policy

2026-06-01 15:00:57

According to Odaily, the U.S. Senate faces a congested legislative schedule following its Memorial Day recess, leaving Clarity Act—a crypto market structure bill—with approximately four weeks before a two-week July 4 recess. During this window, the Senate must prioritize items including Department of Homeland Security funding, additional Pentagon budget allocations, and FISA Section 702 authorization renewal. The bill remains under coordination between Senate Banking and Agriculture Committee versions, with key provisions still contested. Democratic senators have indicated that government ethics standards on crypto holdings and enforcement agency powers in DeFi will be prerequisites for their support. If not passed before July 4, the bill may advance before the August recess, but delays into the election cycle could create uncertainty.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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