Clarity Act Misses July 4 Deadline; August 7 Emerges as Key Legislative Window

According to CoinDesk, the Clarity Act failed to be signed into law on July 4 as previously indicated by White House advisor Patrick Witt in May. The law faces mounting risks, with the House of Representatives encountering significant obstacles on multiple legislative priorities, including budget measures.

Market participants now view August 7—the last working day before the Senate's summer recess—as a critical window for advancing the bill.

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