Woofun AI reports that the latest consolidated draft of the CLARITY Act could be released as early as next week, with the Senate expected to advance its review during the week of July 20. The draft, resulting from negotiations between the Senate Banking Committee and the Agriculture Committee, adds over 70 pages and strengthens consumer protection provisions.

However, significant obstacles remain. Democrats demand restrictions on business ties between senior government officials and the crypto industry, with no compromise reached on ethical provisions. Issues regarding federal preemption and SEC/CFTC commissioner nominations are unresolved, and the White House has not participated in recent negotiations. With limited Senate agenda time in July and early August and internal House Republican strife, legislative uncertainty increases.