Senate Faces Tight July Window to Advance Crypto Market Structure Clarity Act

The U.S. Senate has a narrowing July window to move forward with the Clarity Act, a crypto market structure bill that would divide oversight responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission. According to NS3.AI, Sen. Cynthia Lummis said she expects the Senate to vote on the legislation next month. However, Senate staffers and industry sources cautioned that limited floor time could delay consideration, potentially pushing the bill into the lame duck session.