At some point, the progress of the crypto sector’s top policy priority — the Digital Asset Market Clarity Act — becomes an insurmountable math problem, with not enough time left in the U.S. Senate’s work calendar to allow for passage. But the bill has now been formally offered for the Senate calendar, and the industry’s lobbyists are still shooting for a last-moment win.

There are about eight weeks of floor time available in the Senate before the lawmakers scatter for the summer break and the political demands of the midterm congressional elections. And as the election season grows more urgent, the appetite for legislative cooperation could also take a hit.

In that brief work window in Congress’ upper chamber, the Clarity Act would…