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Clarity bill faces July turning point as U.S. crypto regulation hangs in balance

U.S. Senate Republican leaders are pushing to pass the Clarity bill, a crypto market structure measure, in July. With the Senate in recess until mid-July and an August break looming, lawmakers have about four weeks to act. The bill cleared two committees on party-line votes but faces hurdles on the Senate floor, including the need for some Democratic support. Questions over conflict-of-interest safeguards and President Donald Trump’s signing position add uncertainty.