US Republicans Step Up Push to Pass Clarity Act Before August Recess

US Republican lawmakers are stepping up efforts to advance the Clarity Act, a market-structure bill for digital assets, with the goal of passing it before Congress begins its August recess.

On June 26, Eleanor Terrett, host of Crypto in America, wrote on X that momentum is once again building among Republican lawmakers to move the Clarity Act quickly.

She said political pressure intensified after action on the housing bill and that little time remains for lawmakers to finish the legislation.

Senators are scheduled to return from recess on July 13, leaving about 20 legislative days before the August break. Some key issues in the Clarity Act, including ethics provisions, remain unresolved.

Still, some in the industry say the tight timeline could help accelerate negotiations. Miles Jennings, general counsel at Andreessen Horowitz, said time pressure and a limited schedule could ultimately create conditions for an agreement.

Kristin Smith, president of the Solana Institute, said a path still remains for the bill to pass Congress next month.