The Digital Asset Market Clarity Act, a key crypto market structure bill, faces a tight timeline before the US Senate's summer break. Four major issues remain unresolved: ethics restrictions on government officials' crypto ties, concerns from Senate Agriculture Committee Democrats, law enforcement worries about DeFi developer liability protections under the BRCA section, and a dispute over stablecoin yield rewards pushed by bankers. Industry groups like the Digital Chamber are lobbying senators, with hopes for a July 13 floor vote. Despite obstacles, negotiators remain engaged, though the lack of time and competing legislative priorities (e.g., NDAA, farm bill) raise doubts. A lame-duck session post-elections is a backup option.

Key facts

• Clarity Act needs to resolve ethics restrictions on officials' crypto ties, including Trump's.
• DeFi developer liability protections under BRCA face law enforcement pushback.
• Stablecoin yield rewards remain contentious; banks seek more protections.
• Senate calendar has ~5 weeks before summer break; July 13 is target floor vote date.
• Industry lobbyists fly to DC; Digital Chamber hosts 50-member fly-in event.