As the U.S. Senate hurries to pass a cryptocurrency market structure bill before its August recess, Senator Cynthia Lummis (신시아 루미스) said she would release the full text of the Clarity Act within days.

On July 14 local time, blockchain media outlet The Defiant reported that Lummis, in a post on X, formerly Twitter, said the bill’s release was imminent and again signaled her determination to push for a Senate vote.

Lummis said, “We’ve been refining the Clarity Act every day for 10 months, and we’ll put out the bill text within days,” adding, “Now it’s time to land this plane.” She explained the bill’s aims as supporting law enforcement to counter illicit finance, establishing consumer protection safeguards and keeping the related market in the United States.

The remarks came shortly after the Senate returned from a recess. The Senate needs to clear a hurdle on the floor within about 3 weeks before the Aug. 7 recess. Passage requires securing the 60-vote threshold, but the current count of supporting votes remains uncertain. Lummis did not specify when the bill’s provisions would be released.

The Clarity Act has moved through several stages this year. In May, the Senate Banking Committee released a 309-page draft, and last month it advanced to the Senate floor stage. The House of Representatives is also preparing to speed up work on its own bill in step with the Senate. As part of parallel procedures, the House has also scheduled an in-person hearing in mid-July.

Still, the key variable for Senate passage is Democratic votes. So far, only 2 Democratic senators are considered firmly in support: Ruben Gallego (루벤 가예고) and Angela Alsobrooks (앤절라 알소브룩스). Other Democrats are raising concerns about cryptocurrency-linked income issues disclosed by President Donald Trump.

A provision on stablecoin interest income is also contentious. Banking industry groups argue that the current wording does not sufficiently prevent stablecoins from replacing bank deposits. The issue is gaining prominence ahead of a House hearing scheduled for July 17.

In this situation, Lummis is continuing to press for a Senate vote. She has framed the bill around blocking illicit finance, protecting consumers and keeping the market in the United States, but whether it passes depends on how many Democratic votes can be added in the remaining time. Whether the Senate can speed up negotiations after releasing the bill text has emerged as the biggest point to watch for legislation before the August recess.