The US cryptography bill, the Clarity Act, faces a roughly 10-week timeframe with the August deadline fast approaching.

CoinFeed reported on April 28th that, according to Crypto In America, the crypto industry is closely watching the legislative timeline as the US Senate Banking Committee is expected to consider the Clarity Act in May. Ji Kim, CEO of the Crypto Innovation Committee, pointed out that the Senate has only about 9 to 10 weeks left to advance the bill's consideration. Since the bill's consideration was delayed in January due to a lack of key industry support, Senator Thom Tillis has requested more time to submit compromises on stablecoin yields and rewards to bankers, while groups such as the North Carolina Blockchain Initiative are urging swift action. Senator Cynthia Lummis stated at a Bitcoin conference that the bill will be considered in May, possibly as early as the week of May 11th.