U.S. Senate enters critical window for Clarity Act; next four weeks could decide the bill’s fate this year.

After the U.S. Congress reconvened, the Clarity Act (Crypto Market Structure Act) has entered a critical legislative window. Industry insiders say the next four weeks will determine whether the bill can complete Senate review before Congress adjourns in August and be formally enacted this year. According to reports, the Senate is expected to release this week the latest version of the bill, which integrates texts from the Senate Banking Committee and Agriculture Committee. Currently, the bill faces two core sticking points: one is the final language of the Blockchain Regulatory Certainty Act concerning regulatory liability for non-custodial software developers; the other is ethical provisions on conflicts of interest among government officials, particularly those related to Trump’s crypto business. Sources familiar with the matter noted that the White House and Congress have yet to reach an agreement on the ethical provisions, a key factor in the bill’s effort to hit the 60-vote threshold. Alex Thorn, head of research at Galaxy Digital, said the next four weeks could be the Clarity Act’s last chance to pass in the current congressional session; if the bill fails to become law, the U.S. may further lag behind overseas markets in the race for digital asset innovation.