Tick-tock for crypto: lawmakers have only a narrow window in June to move the CLARITY Act before Congress breaks for recess, and the industry is watching closely. The market-structure bill — which won a bipartisan 15–9 vote out of the Senate Banking Committee — now faces a fight for floor time. Senate Majority Leader John Thune has said the chamber’s reconciliation package won’t be finished this month, meaning senators will return in June with a crowded agenda that also includes FISA reauthorization and a House-passed housing package. That squeeze on the calendar has put the CLARITY Act on a knife-edge. “June is ‘Clarity’ month,” Galaxy Digital CEO Mike Novogratz wrote on X. “It’s literally now or never.” Treasury Secretary Scott Bessent has likewise urged both chambers to act, and prediction markets reacted: Polymarket recently priced the bill’s chances of becoming law in 2026 at roughly 60%. Senator Cynthia Lummis of Wyoming, one of the bill’s strongest advocates, has been blunt about the consequences of delay. She reportedly warned colleagues that if Congress misses this window, the next realistic opportunity for comprehensive crypto legislation might not come until 2030. Until then, she argues, developers would operate without clear legal protections and law enforcement would lack necessary tools. Lummis has also framed the debate in geopolitical terms, warning that the U.S. risks ceding regulatory leadership on digital assets. “If the United States doesn’t establish the global standard for digital asset regulation, someone else will,” she wrote. “China is not waiting.” She has tied the measure’s urgency to President Donald Trump’s pro-crypto posture and urged colleagues to enact the bill while support aligns. Crypto reporter Eleanor Terrett echoed the timing concern, noting that with only a few working weeks left in July before an August recess, June represents the last clear runway. “Clarity Act passage before August recess just got more challenging,” she observed, highlighting the direct competition for Senate floor time. Supporters say the CLARITY Act would deliver two critical outcomes: legal certainty for developers and clearer regulatory authority to police bad actors. Opponents and procedural hurdles, however, mean the bill’s path remains uncertain — and the clock keeps ticking. Read more AI-generated news on: undefined/news