[NYDIG: CLARITY Act to Face Key Window in August, Delays Could Extend to Post-Midterm Elections] According to a report by Jinse Finance, NYDIG's Head of Research Greg Cipolaro stated that the most realistic window for the U.S. Senate's crypto market structure bill to pass is from June to early August. If progress cannot be made during this period, it may face uncertainty extending to post-midterm elections or even longer. Previously, White House crypto advisor Patrick Witt had proposed July 4 as an ideal legislative timeline, but NYDIG considers this target to be more of an "optimistic expectation," as the bill must go through committee reviews, a full Senate vote, and the House process, among other hurdles. Analysts point out that if the bill fails to pass before the election cycle, changes in Senate control between Republicans and Democrats could further reduce legislative certainty, leaving the industry in a continued state of "regulatory ambiguity." However, once the bill is ultimately passed and signed into law, it will bring regulatory clarity to the market, particularly with Bitcoin likely to be explicitly classified as a commodity, thereby reducing uncertainty for institutional participation.