Optimism is brewing in Washington to get a landmark digital asset bill across the finish line, with some variations on timing as onlookers wait to see how ethics concerns around President Donald Trump's conflicts of interest will shake out.
"This is one of the president's top priorities, and it's a bipartisan issue in Congress," Rep. William Timmons, R-S.C., said in an interview with The Block in Washington, D.C., at the Injective Summit.
"We're going to get it done — there might be a bump here or there, but it'll get done," Timmons added.
Timing is critical. Both the House and Senate just came back to Washington after a Fourth of July recess. The House goes back on recess on July 24, while the Senate sticks around for a bit longer until Aug. 7.
The bill, which would regulate the crypto industry for the first time comprehensively at the federal level, has been stuck in the Senate over the past year after the House passed its version of the Clarity Act a year ago.
