What’s still left for the CLARITY Act to become law?
1. 🏛️ Senate negotiations must be finalized on the latest draft. 2. 🗳️ The U.S. Senate must vote and approve the bill with the required number of votes. 3. 🤝 If the Senate version differs from the House version, both chambers must agree on a single final text. 4. ✍️ The President must sign the bill for it to officially become law.
Current status:
* ✅ A new 616-page draft has been released. * ✅ Negotiations are ongoing. * ⏳ Lawmakers are trying to pass it before the August recess. * ❌ It has not become law yet.
If these remaining steps are completed successfully, the CLARITY Act will become the first comprehensive U.S. crypto market structure law, which many believe would be a positive development for the crypto industry.