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Clarity and Congress's summer break: State of Crypto

The fate of the Clarity Act hangs in the balance as Congress faces a summer break and Senate scheduling conflicts.

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The brief

The Clarity Act is currently facing a critical window for passage in the Senate. While some reports indicate the bill is moving forward, others highlight resistance from Democrats and concerns regarding the Senate calendar.

Coverage from Bloomberg Government News and The Block emphasizes a "crunch time" for the legislation. Galaxy Research has reduced the odds of the act passing in 2026 to 50%, according to reports from The Block and The Motley Fool.

Future developments center on whether a vote will occur, as Punchbowl News reports that Thune is preparing for a crypto vote regardless of whether it is bipartisan.

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Quick answers

What are the current odds of the Clarity Act passing in 2026?

Galaxy Research has cut the odds of passage to 50%.

Who is preparing for a potential vote on the bill?

According to Punchbowl News, Thune is preparing for a vote, whether it is bipartisan or not.

Why is the bill facing delays?

Coverage cites Senate calendar concerns and pushback from Democrats.

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