The timeline for the **CLARITY Act**, one of the most important U.S. crypto market structure bills, is expected to be delayed beyond its original early July target. ⚖️ The U.S. Senate is scheduled to return from recess on **July 13**, making a floor vote on the bill unlikely before then. The biggest hurdle remains **conflict-of-interest concerns**. Democrats continue to push for stronger ethics provisions related to President Trump's digital asset business activities, leaving the additional votes needed for passage uncertain. Market expectations have also softened. Galaxy Research has lowered its estimated probability of the bill passing this year from **75% to 60%**, while prediction markets such as Polymarket currently price the odds at around **50%**. Despite the delay, institutional interest in digital assets remains strong. Executives from BlackRock, Morgan Stanley, and Citi continue to highlight stablecoins and tokenization as key growth areas, and many believe that the eventual passage of the CLARITY Act would mark another major step toward regulatory clarity and broader institutional adoption of digital assets in the U.S. 👀