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CLARITY Act Stalls in Senate as Political Divisions Push Crypto Bill Into September


CLARITY Act Stalls in Senate as Political Divisions Push Crypto Bill Into September

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The US Senate has delayed consideration of the CLARITY Act, the industry's largest crypto market-structure bill, confirming there will be no vote in August as lawmakers enter a month-long recess. Majority Leader John Thune's office said the measure is expected to be taken up in September, leaving regulatory clarity for crypto, DeFi, CEX and DEX operators and token markets postponed and prolonging market uncertainty.

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The industry’s biggest legislation has faced yet another setback. The US Senate will not take up the crypto market structure bill before lawmakers leave Washington for the month-long recess, pushing the vote to September instead.

Senate Majority Leader John Thune, speaking through a spokesperson, confirmed there will be no vote on the CLARITY Act in August but said the measure is expected to be considered once the Senate returns.

Read the article at CryptoPotato

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