Clarity Act: Senate Faces Tight July Timeline

Clarity Act passage this year now hinges on the next two weeks of closed-door talks while the Senate remains out until July 13, with staff, White House officials and industry groups racing to settle the core ethics dispute over President Trump's crypto holdings that have produced more than $2 billion in new wealth; without a framework securing at least seven Democratic votes alongside the 53 Republicans, Majority Leader Thune will likely slot the NDAA defense bill first upon return, pushing any floor action into late July or early August right before recess and leaving the bill's 60-vote threshold in serious doubt.