According to the announcement of the US House Financial Services Committee, a hearing on the CLARITY bill will be held on July 17th. All other hearings in July will be held in the House office building in Washington, D.C. Only the CLARITY bill will be presented separately in New York because the hearing itself is not a vote and will not produce a clear result. It is more of an opinion solicitation and propaganda nature. Congressional leaders and members will personally go out for it, indicating that this hearing is specifically aimed at pressure and hype on Wall Street. At present, the CLARITY bill is stuck in the Senate, with the Banking Committee and the Agriculture Committee each having their own versions. The main controversy is about limiting conflicts of interest between government officials and the cryptocurrency industry, which is the case with the Trump family, as well as banks' resistance to issuing profits to stablecoin holders. In fact, the second point is at most acceptable, which is Coinbase's jumping out and shouting. However, the first point is the most embarrassing, as it is still difficult for Trump to spit out the meat he has eaten. The period from the end of the 17th hearing to the August congressional recess is the final window of opportunity. If a consensus cannot be reached during this period, a Senate vote that does not pass will be postponed until next year or even stillborn.