[U.S. Senate to Resume Negotiations on the 'Clarity Act' Next Week, Time Window Only a Few Weeks Left] According to The Block, the U.S. Senate will return to work next week following the congressional recess, aiming to pass the 'Clarity Act' before the August recess and midterm elections. The House of Representatives passed its version last year, and the Senate Banking Committee and Agriculture Committee have also passed their respective versions. Legislative advisors are currently merging the texts, with sources indicating that the new text could be released as early as next week. The time window is tight—only the remainder of July and the first week of August are available for the Senate to advance the legislation. Key obstacles include: - The safe harbor provision for non-custodial developers (supported by the crypto industry but opposed by law enforcement agencies and Catholic leaders). - Ethical clauses (Democrats demand restrictions on the president and members of Congress profiting from digital assets). A 70-page new text has been added at the request of Democrats, focusing on consumer protection.