The CLARITY Act has 31 Senate session days before August recess. Schwab says passage is still possible, but the 60-vote filibuster threshold looms large.

The House set July 14 and July 17 hearings tied to the CLARITY Act and Fed policy as Lummis presses for a Senate floor vote before the August recess.

Tough negotiations linger in several difficult arenas, but crypto's Washington lobbyists are flying in allies this week and still hoping for a July vote.