The passage of the U.S. Clarity Act before July 4th has become more difficult, with only 9 working days remaining in the legislative window.

According to Mars Finance, on June 15th, the likelihood of the US Clarity Act being passed and signed by the president before July 4th is declining, with the core obstacle being the severe mismatch between the legislative process and the remaining time. The report states that with only about nine Senate working days remaining before the congressional recess, lawmakers still need to complete several key steps, including merging the versions of the text from the Senate Banking Committee and the Agriculture Committee, reaching a consensus on ethics clauses, obtaining 60 votes to close the debate, and completing multiple rounds of amendment voting and the final passage process. Even after the Senate completes its review, the bill still needs the House of Representatives to approve a revised version and pass it again before it can be sent to the president for signature. The article points out that completing this process in a short time is "mathematically almost impossible." Nevertheless, some policymakers still believe that the bill is still possible to pass within the year. Patrick Witt, executive director of the White House Office of Encryption Policy, previously stated that he hoped to complete the legislation before July 4th, but Senator Cynthia Lummis and others have acknowledged that the timeline may need to be delayed until later. Currently, the legislative focus has partially shifted to other issues, including the housing bill and the renewal of the national security-related FISA provisions. Industry insiders generally believe that the period around the August congressional recess may be a more realistic and crucial window of opportunity. Analysts point out that even if the symbolic July 4th deadline is missed, bipartisan support for the bill could still propel it forward into 2026, but future progress will depend more on changes in the political environment and the stability of the bipartisan coalition.