Sources: Unified version of U.S. Clarity Act may be released as early as next week

CoinFeed July 10 news, according to CoinDesk, sources revealed that a unified version of the U.S. Clarity Act may be released as early as next week, combining the work of the Senate Banking Committee and Agriculture Committee, and is expected to be submitted to the full Senate for a vote the week of July 20. However, sources say Democratic support is not yet secured, with the core obstacle remaining an ethics provision restricting the president and other senior officials from maintaining business ties with the crypto industry. The consolidated text added over 70 pages, with more focus on consumer protection. The bill needs to advance before the August recess, with the Senate only having the remaining three weeks of July and the first week of August as a time window, the House still needs to approve it, and former President Trump having previously refused to sign another bipartisan housing bill, adding uncertainty to the bill's prospects. Senator Ron Wyden wrote to Senate leadership on Wednesday supporting provisions of the blockchain regulatory certainty bill, offering a glimmer of hope for the DeFi industry.