Woofun AI reports that the CLARITY Act remains stalled in the Senate one year after its passage by the House of Representatives. A July 17 hearing at Federal Hall National Memorial addressed the bill's potential to define digital asset market rules. House Majority Whip Tom Emmer highlighted that nearly 80 Democrats co-sponsored the measure with Republicans, yet Senate progress remains negligible. Panelists from Nova Labs, Bullish, WisdomTree, and Coin Center participated in the discussion.

House Financial Services Committee Chairman French Hill emphasized that existing GENIUS Act and stablecoin regulations are insufficient without a comprehensive market structure bill. Senator Cynthia Lummis indicated on July 14 that the Senate version is prepared, with the official text expected for release within days.