Senate Faces Critical Deadline to Advance CLARITY Act Before Recess
The U.S. Senate is under pressure to advance the Digital Asset Market Clarity Act before the summer recess. The bill, which was not included in the Senate's schedule for the week, faces a critical 72-hour window for a cloture motion to be filed. This procedural step is necessary to end debate and move forward with the bill's consideration. The CLARITY Act seeks to provide regulatory clarity for the crypto market by delineating responsibilities between the SEC and CFTC. The bill requires a 60-vote majority, necessitating bipartisan support, which remains uncertain. 
