US President Donald Trump is set to meet with several senators to discuss progress on the CLARITY Act, a bill that aims to regulate the market structure. Senator Bernie Moreno and Senator Cynthia Lummis will brief the president on the bill's progress. This comes as lawmakers are trying to pass the bill before the Senate's August recess, which many see as the last realistic opportunity to pass it before the midterm elections. However, traders are less optimistic about the bill becoming law this year.