Clarity's Crash Morality Clause narrowed through the window in August
According to Crypto In America, there is still no indication that the Clarity Bill is ready for consideration by the Senate as a whole. The encryption money industry is dismayed by the fact that no date has been set for the vote, that no updated legislative text has been published and that negotiations on the most controversial issues of the bill are still under way; and that only 14 working days remain until the senators leave Washington for the August recess. The issue of ethics remains an inescapable major challenge; finding a viable solution that enjoys both the support of Democrats and the approval of some Republicans is likely to determine whether the Clarity Bill will enter the full-house deliberations this month. However, Democrats have stated that in recent weeks they have had little knowledge of the ethics-related issues - including a meeting in the White House last Thursday afternoon, which aimed to secure presidential support for the provisions to prevent government officials from using digital assets for profit. Although it is not clear what the specific discussions will be and whether the President has made any commitments, sources familiar with the negotiations have indicated that as of this morning, the White House has not clearly expressed its support for the ethical guidelines, which could further delay the release of an updated version of the Republican bill. Summer Mersinger, Chief Executive Officer of the Block Chain Association, stated that “The Committee on Agriculture is still finalizing the details of the text. They say that at this stage only a few technical revisions are left.” The prevailing view in Parliament Hill is that negotiators must be ready by the end of the weekend for a “closing debate vote” on “motion to move forward”, which will require 60 votes to move the bill forward to the entire Senate. If the bill fails to enter into the full-house review next week, the window for its adoption before the August recess is effectively closed。
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