Can the Clarity Act pass soon? Based on the past couple of days, the probability has slightly increased. Positive signals include: • The new version of the Clarity Act could be released as early as next week; • Next week's New York hearing (French Hill); • Optimistic statements from senators like Cramer (possibly advancing before August 7); • Coinbase executives confirmed bipartisan efforts working 'day and night.' Probability assessment: • Sentiment and narrative: There's a clear sense of 'sprinting,' which boosts short-term market confidence. Considering the above, the probability of passing has increased compared to before. However, the core challenges remain: 1. The Ethics protocol is currently the biggest obstacle; 2. Securing enough Democratic votes (around 7 votes needed); 3. The time window is extremely tight (before the August recess); 4. The quality of the new version is still unknown.