The US Senate may begin considering the Digital Asset Market Clarity Act before its summer recess, but completing the crypto market structure bill by the industry’s preferred August 7 deadline appears increasingly unlikely, according to a CoinDesk report.
Senate Majority Leader John Thune told reporters Thursday that he would like to at least begin the floor process.
“I would like to at least get Clarity started,” Thune said. “We’ll see where the votes are.”
Beginning consideration before the recess could preserve a path for the Senate to resume work when lawmakers return in September. The chamber is scheduled to begin its summer state work period on August 10 and return on September 14.
The bill had not entered floor consideration as of Thursday, with the Senate instead working through judicial nominations, an Iran war powers resolution, and the annual defense authorization bill.
