CLARITY Act requires Senate passage by August 7 before recess to deliver crypto regulatory clarity and advance digital asset legislation.

According to Senator Tim Scott, the U.S. crypto market structure legislation will be completed by September 30, potentially providing regulatory clarity that could reduce market volatility and boost investor confidence. Senator Cynthia Lummis supported this timeline, while Representative French Hill indicated potential delays in aligning House and Senate bills, which may prolong uncertainty affecting crypto prices, as ETH recently showed a -1.461% decline over 24 hours based on provided market data.