US House Schedules July 17 Hearing on CLARITY Act, Casting Doubt on July 4 Timeline

The US House Financial Services Committee scheduled a July 17 hearing on the CLARITY Act, raising questions about whether the crypto market structure bill can pass before the July 4 recess as some had hoped. The Senate has not yet scheduled a floor vote.

• The House subcommittee hearing titled 'Building the Future of Finance' is set for July 17, led by Rep. Bryan Steil.
• Supporters had pushed for Senate passage before the July 4 recess, but the hearing date suggests debate will extend past mid-July.
• The CLARITY Act would establish clear rules for digital asset markets and define regulatory responsibilities.
• Polymarket odds of the bill passing this year have declined amid the slower timeline.
• The Senate Banking Committee approved the bill last month but no full floor vote has been scheduled.

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