The CLARITY Act has made it through the toughest first half but hasn’t yet crossed the real make-or-break threshold of the full Senate vote. If the vote isn’t completed before the August recess, that’s a clear negative signal! Why? Because if it drags into next month, the Senate will also have to deal with government funding, sanctions, nominations, and other agendas. Controversial bills will be even harder to pass before the midterm elections. From a market perspective, if CLARITY becomes law, the biggest beneficiaries won’t be individual tokens, but rather: 1⃣ U.S.-compliant trading platforms and brokerage/custody institutions: Coinbase, Kraken, Robinhood Crypto, Bullish, etc. 2⃣ Stablecoins and payment rails: But the benefits/restrictions will depend on the reward/penalty clauses. 3⃣ DeFi and wallet infrastructure: If the BRCA safe harbor is retained, it’s a major positive for non-custodial developers. 4⃣ Altcoins/L1/DeFi assets suppressed by regulatory uncertainty: Especially assets long weighed down by the “security or not” question. 5⃣ Institutional capital: Clear rules reduce compliance risk premiums. Judging by the current situation, September might see procedural progress or text negotiations, but it’s not yet time for it to become law. Each step forward will spark narratives around XRP, SOL, UNI, COIN, HOOD, and stablecoin-related assets—might be a good time to position yourself strategically!