BlockBeats News, July 17th, Cryptocurrency journalist Eleanor Terrett posted on X platform that the Republican members of the U.S. House Committee on Financial Services will hold an in-person hearing in New York at 10 a.m. Eastern Time to discuss how the CLARITY Act can promote innovation in the digital asset space. This hearing is informational in nature, aiming to gather industry feedback and discuss policy implications, and will not affect the current Senate deliberations on the bill.

Meanwhile, the updated text of the CLARITY Act has not yet been released. Eleanor Terrett cited industry sources stating that cryptocurrency industry leaders currently anticipate that the release of the updated text may be delayed until next week.