A US senate crypto bill, known as the CLARITY Act, is facing a deadline, with some reports suggesting it needs to pass by August, while others mention a shorter timeframe, such as a two-week deadline or a target that was initially set for July 4. The bill's progress is reportedly being threatened by issues including illicit finance and ethics concerns. If the bill is not passed by the deadline, it may be delayed until after the midterms or potentially as late as 2030.