Senate Faces Tight Deadline for CLARITY Act as Crypto Regulation Hangs in Balance
The CLARITY Act, a pivotal crypto market-structure bill, is facing a critical 72-hour deadline in the Senate. The bill was absent from Monday's schedule, with the Senate set to recess on August 10. Lawmakers have until August 5 to file a cloture petition, which could lead to a procedural vote by August 7. The bill's passage is uncertain, with seven Democratic senators expressing concerns over its current draft. The bill aims to provide regulatory clarity for digital assets, impacting exchanges and token issuers. The outcome will shape the U.S. crypto industry's regulatory environment. 
