Clarity Act survival depends on the U.S. Senate getting a lot of non-crypto work done

The dwindling congressional calendar may spur a legislative competition for the crypto market structure bill to win Senate floor time against other priorities. What to know : As the crypto Clarity Act took a procedural step toward the U.S. Senate floor this week, the bill still faces serious roadblocks, including some contentious unfinished provisions and an extremely tight Senate window. About eight weeks remain on the Senate calendar before the chamber disperses for its summer break and an increasing focus on the politics of the midterm elections, and the bill may end up requiring as much as a week of that floor time. But a ton of big-ticket legislative competitors also need time on that schedule.