Former President Trump is pressuring the U.S. Senate to pass the Clarity Act, a proposed piece of legislation aimed at establishing clearer regulations for the crypto industry, all in honor of the late Senator Lindsey Graham. The bill faces a critical moment as Congress prepares for a recess, with supporters like CFTC chief championing its passage for the sake of providing regulatory certainty to the crypto sector. However, some analysts suggest that despite Trump’s backing, the chances of the Clarity Act passing could diminish as discussions intensify around competing regulatory measures. In parallel, the crypto market is experiencing fluctuations, with speculations around Bitcoin’s potential price shifts as these legislative efforts unfold.