• The Senate is expected to consider the legislation during a floor window beginning July 13.

• The CLARITY Act remains held up by disagreements over ethics provisions, law enforcement powers, and stablecoin reward language.

• Analysts have warned that failing to pass the legislation could weaken institutional adoption and delay the launch of new crypto investment products.

Senator Cynthia Lummis renewed her call Wednesday for Congress to pass the CLARITY Act, stating that the legislation represents the U.S.’s best chance to establish a comprehensive regulatory framework for digital assets before the end of the decade.

“This is likely our last chance to get real legislation for digital assets…