The 'CLARITY Act,' which would mandate that crypto investors' assets be separated from a crypto exchange's own assets in the U.S., has cleared a major hurdle. According to CoinPedia, the White House recently approved ethical guidelines related to the bill, increasing the likelihood that a Senate vote will take place before the recess in August. Prediction markets currently place the probability of the Senate vote happening at 72%.

The core of this bill is to establish a system that requires the segregation of customer assets so that exchanges cannot misappropriate them. If passed, it could serve as a turning point for completely restructuring custodial infrastructure within the U.S. regulatory framework. However, with the remaining schedule before the recess being so tight, the key points to watch are whether the vote will actually be held on time and how much opposition it might face. As this could be a massive step forward for regulatory clarity, it will be very interesting to watch the Senate's moves through early August.

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