ME News reports that on June 14 (UTC+8), crypto journalist Eleanor Terrett stated that for the Crypto Market Structure Act, known as the CLARITY Act, to become law by July 4, multiple complex conditions must be met simultaneously: reaching an ethical solution acceptable to both Republicans and Democrats, resolving issues in agricultural-related provisions, consolidating provisions from multiple bills, securing 60 votes in the Senate, and completing the entire legislative process in both chambers within two weeks—making it “nearly impossible” in terms of timing, procedural execution, and legislative pace. (Source: ODAILY)
Passage of the CLARITY Act before July 4th deemed 'almost impossible'
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Summary
On June 14 (UTC+8), crypto journalist Eleanor Terrett noted that passing the CLARITY Act before July 4th is nearly impossible. The bill must secure bipartisan support, revise agricultural provisions, consolidate multiple versions, and pass both chambers within two weeks. With liquidity and crypto markets under regulatory pressure, the timeline remains unrealistic. BTC as a hedge against inflation remains a key narrative for institutional investors.
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