The Clarity Act: The Next Two Weeks are Crucial as the U.S. Senate Goes on Recess

The Next Two Weeks are Crucial for Success or Failure

Crypto in America, a U.S.-based cryptocurrency media outlet, reported on the 29th that the next two weeks will be critical in determining the outcome of the Senate vote on the cryptocurrency market structure bill, the Clarity Act. The Senate is currently in recess until July 13, and during this period, staff from both parties, White House officials, and industry stakeholders are rushing to resolve remaining issues.

The Clarity Act aims to place cryptocurrencies such as Bitcoin under the supervision of the U.S. Commodity Futures Trading Commission (CFTC), and to...