CLARITY Act passage by July 4 physically impossible, says policy host

It is physically impossible for the CLARITY Act to be passed into law by July 4, according to Eleanor Terrett, host of the crypto policy outlet CryptoInAmerica. Terrett explained on X that for the bill to pass by that date, several issues would need to be resolved within two weeks. These include establishing an ethics provision acceptable to both Republicans and Democrats, completing the merger process with the Agriculture Committee's version of the bill, securing at least 60 votes in favor, and passing the legislation through both the House and Senate. Her comments follow earlier reports from crypto media outlets like CryptoSlate, which also noted that the bill had hit a snag ahead of a full Senate vote.