According to CoinMeta, Senate leadership still plans to submit CLARITY Act for a vote before the August recess, although unresolved negotiations and a busy schedule make the timing uncertain. Senator Cynthia Lummis stated that Senate leadership is still seeking to conduct the vote before lawmakers leave Washington. Lummis indicated that a vote may take place within a few days, but the exact time has not yet been confirmed. The bill aims to assign the regulation of digital assets to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while also establishing rules for exchanges, brokers, and token issuers.