The Clarity Act was not signed into law on July 4, making August 7 a key date.
Odaily reported that White House advisor Patrick Witt stated in May that he hoped the Clarity Act would be signed into law by July 4, but the bill was not signed by that date. According to CoinDesk, the greatest current risk now comes from the House of Representatives. Recently, the House has faced resistance in advancing multiple agendas, including important bills such as the budget, raising concerns in the market that legislative inefficiency could further slow down the progress of the CLARITY Act.
Additionally, the market believes that August 7 (the last working day before the Senate summer recess) will be an important time window for advancing the bill. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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