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U.S. Clarity Act heads to Senate in July as Lummis and JPMorgan CEO Dimon clash

U.S. Senator Cynthia Lummis said the Senate will begin debating the digital asset market structure bill known as the Clarity Act in July, the first time the lead sponsor has publicly specified timing. She urged JPMorgan Chase CEO Jamie Dimon to review the bill during the July 4 recess. The bill faces limited floor time, a 60-vote threshold and Democratic concerns over ethics language tied to the Trump family’s crypto holdings and an exemption in Section 604.