The US Senate is pushing to advance a crypto bill in July, but other agenda items such as the housing bill may squeeze the time window.

According to ChainCatcher, the US Senate is attempting to advance the Clarity Act, a cryptocurrency market structure bill, in July. However, due to a backlog of priorities including the National Defense Authorization Act, the renewal of the Agriculture Act, and the housing bill, the window for its passage is narrowing. The Senate's agenda is tight in the coming weeks. In addition to the annual defense and agriculture bills, Trump stated on Wednesday that he would not support a large housing bill unless Congress first passes a bill requiring federal election voters to provide proof of citizenship. This housing bill also includes provisions banning central bank digital currencies. Since members of Congress will leave Washington before the August recess, if the relevant bills fail to advance before then, the political focus will shift to the November election upon the Senate's return, further reducing the available time for cryptocurrency legislation. Republican Senator Cynthia Lummis stated that a new text is expected to be released around July 4th for final review by senators, with a vote expected in July. A Senate aide also stated that the Clarity Act will be one of the bipartisan priorities after the Senate reconvenes in July. However, the bill still faces multiple uncertainties, including the strength of Democratic support, controversies surrounding Trump's related crypto conflicts of interest, the priority of other major bills, and the limited agenda of the Senate.