CLARITY Act passage likely delayed past mid-August, analyst says

Despite growing optimism in the crypto market for a swift passage of the CLARITY Act in the U.S. Senate, Turkish crypto analyst Efe Bulduk has projected that a final vote is unlikely until after mid-August. In a post on X, the analyst, who has 450,000 followers, explained that the Senate is currently in a two-week official recess from June 29 to July 10, during which all legislative activity is suspended. He noted that a vote is impossible before the Senate reconvenes on July 13. Bulduk also pointed out that the Senate Agriculture and Banking Committees are still in discussions to merge their different draft versions of the bill. Furthermore, he added that if the final Senate version differs from the one passed by the House Agriculture Committee, a new committee would need to be formed for reconciliation. Bulduk concluded that the legislation is therefore likely to be delayed until after the Senate's next scheduled recess from Aug. 10 to Sept. 11.