CLARITY Act Faces Senate Hurdles; Passage Probability Drops to 48% by Year-End, Down from 70%

According to Jefferies, on June 30, the CLARITY Act faces significant U.S. Senate legislative hurdles with passage probability declining to 48% by year-end, down from 70% in mid-May. The bill passed the Senate Banking Committee with a 15-9 bipartisan vote but faces time pressure, with only approximately 20 legislative days remaining before the August congressional recess. Senate procedures including bill consolidation, procedural votes, and coordination with the House version must be completed before submission to the president.
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