The crypto industry, naturally, is urging passage. The common refrain online is that Clarity includes some investor protection rules and creates some structure for crypto products, while not passing the bill would mean there are no investor protections.

If the bill is to pass the Senate before summer recess begins, the first thing to watch for is a motion to proceed on Monday or Tuesday. This kicks off the formal process. If the motion to proceed is filed by Wednesday, one individual following the process said, that would still give the Senate enough time to vote on the bill before August 7, the last day of the summer session.

If the motion to proceed ripens — meaning it’s been an hour into the second day after the motion is filed, Source link